Invesco deferred the launch of a blockchain exchange-traded fund (ETF) in India due to regulatory uncertainty on Wednesday.
Indian lawmakers have been meeting with representatives from the crypto industry in the past few days to mull a new legislative framework for crypto.
The fund manager said that in light of these ongoing discussions, it is important to understand all aspects before making long term investment decisions.
CoinShares and Invesco Asset Management India were set to launch the vehicle between Nov. 24 and Dec. 8 this year.
The fund would not directly invest in bitcoin or crypto, but on an index of 50 listed companies with crypto exposure, such as Galaxy Digital and Tesla.