Invesco reportedly partnering with Galaxy Digital to create crypto-based ETFs

Invesco (NYSE:IVZ) reportedly plans to team up with Galaxy Digital Holdings (OTCPK:BRPHF) to roll out a suite of crypto-based exchange traded funds. The Wall Street Journal reported that Invesco will announce the move early as Wednesday as the firm attempts to set itself up as one of the major issuers in the crypto ETF world. The move comes as demand around the space grows each day. The Journal said teaming up with Galaxy Digital will give Invesco the backing of an organization that's expert in the crypto market, and whose mission is to institutionalize cryptocurrencies and promote the advancement of blockchain technology. As for Galaxy Digital, the deal allow allow it to partner with one of the world's largest fund issuers, which will help broaden the firm's market reach. One of the first planned exchange traded funds under the partnership will be a Bitcoin-holding ETF, according to the Journal. "It's not just about getting