Invesco Doubles Down on Crypto: JPMorgan Veteran Takes Helm of $1.6B ETF Powerhouse
Wall Street''s crypto arms race heats up as Invesco makes its boldest move yet.
The asset management giant just poached a JPMorgan heavyweight to steer its $1.6 billion crypto ETF empire—because nothing says ''serious about digital assets'' like hiring from the bank that once called Bitcoin a fraud.
This isn''t your grandpa''s index fund strategy. With institutional money flooding into crypto ETFs, Invesco''s playbook reads like a Wall Street redemption arc: first they ignore blockchain, then they fight it, now they''re betting the farm on it.
The new hire brings serious street cred—the kind that makes regulators nod approvingly while crypto natives roll their eyes. Perfect timing too, right as every finance exec suddenly remembers their ''long-term belief'' in blockchain technology.
Will this move finally bridge the gap between crypto true believers and suits who still think ''HODL'' is a typo? Only the market will decide. But one thing''s certain: when traditional finance starts playing catch-up, they don''t bring a knife to a gunfight—they bring a $1.6 billion ETF arsenal.
