Product Owner
January 13, 2022

Introducing the Crypto Companies fund

You don’t need to buy the latest meme-coin to get in on the crypto action.

We’re sure you’ve heard all the hype about “crypto” by now. The highs and lows of Bitcoin and game-changing blockchain technology.

Well, if you have a ChipX membership, we have something exciting for you…

We’ve got an exciting new investment fund available on ChipX, which will enable you to invest in the crypto and blockchain industry.

The fund is managed by Invesco and invests in 51 companies involved in the technology and infrastructure behind crypto currencies (e.g. blockchain). Note there’s no crypto currency directly held by the fund.

What is the Crypto Companies fund?

The Crypto Companies fund is our new investment fund managed by Invesco.

It enables you to get in on the crypto-currency revolution, without directly investing in crypto currencies.

It is not the same as trading cryptocurrencies and it won’t give you the wild ride of taking you to being a millionaire and back again whilst you sleep, however since the fund was created it has returned 42.7% for its investors.

But with these historic eyebrow raising returns comes risks in equal measure.

We don’t expect this to be for everyone, but if you can handle risks in pursuit of the opportunity to earn eyebrow raising returns, it could be for you.

Remember, your capital is at risk. The value of your investment can fall as well as rise and you may get back less than you invested. Past performance does not indicate current or future performance, and should not be the only thing you consider when selecting a fund.

What’s crypto?

Crypto is a shorthand name for crypto-currency, the most famous being Bitcoin and Ethereum.

It also refers to “cryptography” which is a major part of the tech behind cryptocurrency; “blockchain”.  

Blockchain, is a revolutionary new way of managing and processing data in a decentralised yet secure manner.

Didn’t get that? We’ll do our best with a short word count...

Data stored in decentralised "blocks"

Basically, instead of one computer or server holding information in a table, data is stored in ‘blocks’ that are linked together across multiple computers via a cryptographic ‘chain’.

Data in the blockchain can't be altered by one person

The decentralised blockchain data structure means no one individual or organisation can alter the data stored within the chain. This effectively enables anyone to participate in secure exchanges of information, without the need for institutional oversight to guarantee it.  

Blockchain powers crypto-currencies

Currently, the most widespread use is crypto-currency, but it can also be used for legal contracts, or the most recent use to emerge is NFTs, or ‘Non Fungible Tokens’, where you can buy the only copy of a digital artwork.

So it’s cutting edge technology and it’s set to reshape the world of finance.

What’s in the Crypto Companies fund?

The official name for this fund is the Invesco CoinShares Global Blockchain UCITS ETF (you see why we’ve renamed it), it is managed by Invesco who invest in companies that are involved in the blockchain and crypto industry.

For example, some companies provide the infrastructure for bitcoin mining, or others provide the tech to trade crypto-currencies, some are even involved in manufacturing the hardware involved in blockchain.

The fund doesn't directly hold or invest into crypto-assets/currency.

How can I invest in the Crypto Companies fund?

You just need to make sure you have a ChipX membership. You can upgrade to ChipX any time from your Profile tab (membership fees apply).

When investing your capital is at risk

Remember your Capital is at Risk and past performance is not a reliable guide to future returns. The value of your investment can go down as well as up and you might get back less than you originally invested.

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