While the whole market was thinking about a Bitcoin ETF, American independent investment management company Invesco look at it differently, as the firm was planning to launch a blockchain ETF on the London Stock Exchange. A new blockchain ETF instrument will start trading on London as soon as Monday as Invesco is launching the Invesco Elwood Global Blockchain ETF that will invest in companies related to cryptocurrencies and the Blockchain technology. According to a report published by the Financial Times, Invesco will work with Elwood Asset management, a crypto investment boutique firm based on London that will provide its expertise on blockchain technologies and finance. “We are beginning to see the technology being used by financial services companies in particular," Bin Ren, Elwood CEO said to FT, "but we accept greater application of blockchain technology across a wide range of industries." The ETF will invest in companies such as IBM, Nvidia, ADM or Intel. In other words, the instrument will work with companies related to the full stack of blockchain related businesses. Always quoting Financial Times, the ETF will initially invest in 48 global companies in developed and emerging markets that work or are directly related to the blockchain ecosystem. A scoring system developed by Elwood will select the companies.According to Chris Mellor, head of ETF equity product management in Europe at Invesco, the thesis says that the blockchain potential to boost companies, is not reflected in the price of shares of all companies. Even companies such as the mining and hydroelectric company Rio Tinto, or banks like Santander are, or will be, affected by blockchain technologies, and it will have an impact on their earning reports. As Bin Ren said to the Financial Times, applications for blockchain are far beyond cryptocurrencies, and it will affect businesses. The Invesco Elwood Global Blockchain ETF aims to make profits of it.