Invesco, managing $1.9 trillion in assets, has appointed Kathleen Wrynn as the new leader of its cryptocurrency division, highlighting the growing interest of institutional investors in digital assets.
Wrynn Takes the Helm
In light of Invesco's decision to appoint Wrynn, a seasoned executive from JP Morgan, the company aims to solidify its presence in crypto investments. Wrynn now leads the digital asset strategy, which includes managing three blockchain and crypto ecosystem ETFs, along with three global spot cryptocurrency ETFs.
Institutional Crypto Investment Surge
Invesco's actions align with a Coinbase report indicating that 86% of institutional investors are already involved in or plan to enter crypto by 2025. This presents an opportunity for accelerated growth and acceptance of digital assets on Wall Street.
The Future of Crypto at Invesco
Wrynn's appointment signifies Invesco's confidence in Bitcoin's future. Her expertise, combined with the company's resources, could significantly influence future investments in digital assets.
With Kathleen Wrynn's appointment, Invesco demonstrates its commitment to becoming a major player in the world of cryptocurrency amidst a changing financial landscape.
