Invesco Physical Bitcoin ETP (INBTC)
Physically-backed spot Bitcoin ETP listed across major European exchanges – direct exposure to Bitcoin from Invesco.
Key Facts
| Issuer | Invesco |
|---|---|
| Ticker | INBTC (various European exchanges, e.g., Xetra, Euronext, SIX Swiss) |
| Expense Ratio | 0.39% (TER) |
| Approx. AUM | €1.05B |
| Custodian | Coinbase Custody (cold storage) |
| Inception | November 2021 |
| Official Site | Invesco INBTC Page |
Composition / Holdings
INBTC is 100% physically-backed spot Bitcoin (no derivatives or futures).
| Asset | Percentage | Description |
|---|---|---|
| Bitcoin (BTC) | 100% | Physically-backed spot Bitcoin held in cold storage by Coinbase Custody |
No leverage, futures, or other assets. Direct 1:1 exposure to Bitcoin price (less fees).
Net Inflows & Outflows
Historical daily/weekly net flows showing investor demand for INBTC in Europe.
Performance Overview
NAV tracking and returns vs. Bitcoin spot price (historical).
ESG & Sustainability Metrics
Estimated ESG ratings and carbon footprint (where applicable for crypto ETPs).
Pros
- Physically-backed spot Bitcoin with institutional-grade custody
- Competitive expense ratio (0.39%) among European spot BTC products
- Direct 1:1 exposure to Bitcoin price (no derivatives)
- Listed across multiple major European exchanges (high accessibility)
Cons
- Full exposure to Bitcoin price volatility
- No direct Bitcoin ownership or withdrawal option
- Euro denominated (currency risk for non-EUR investors)
- Regulatory differences across EU countries
How to Buy INBTC
Available on major European brokers and exchanges (e.g., Xetra, Euronext, SIX Swiss, via brokers like Degiro, Interactive Brokers, Saxo Bank, etc.). Search ticker INBTC or equivalent ISIN (depending on venue).
Not financial advice. Investments in crypto ETPs involve high risk, including potential loss of principal. Data approximate and subject to change; always verify with official sources.