The largest asset manager in Thailand, SCB Asset Management, has launched a feeder fund which will invest in the blockchain-based Ucits ETF run by Invesco.
SCB Blockchain will track the CoinShares Elwood Global Blockchain Equity Index, which was acquired by CoinShares in July.
The fund launch is indicative of the growing interest in digital assets among institutional investors with more than US$50 billion invested in publicly listed digital asset investment products.
Since launching in 2019, the Invesco Elwood Global Blockchain Ucits ETF has gathered over $1 billion in assets under management.
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