Key Takeaways
- • Jordan Krugman, Chief Financial Officer of the Americas for Invesco, resigned from the Invesco Galaxy Ethereum ETF sponsor board effective August 3, 2026, according to TradingView reporting on June 5, 2026.
- • The Invesco Galaxy Ethereum ETF (ticker: QETH) is a spot ethereum exchange-traded fund that tracks the performance of ether using the Lukka Prime Ethereum Reference Rate benchmark, trading on Cboe BZX.
- • Krugman held dual roles as both sponsor and shareholder of the Invesco Galaxy Solana ETF, indicating his involvement across multiple cryptocurrency-focused ETF products within the Invesco ecosystem.
- • The resignation represents a notable governance change at a major asset manager during a period of expanding institutional adoption of cryptocurrency investment vehicles.
Summary
Jordan Krugman, age 46 and Chief Financial Officer of the Americas for Invesco Ltd., has resigned from the sponsor board of the Invesco Galaxy Ethereum ETF effective August 3, 2026. The resignation was reported by TradingView on June 5, 2026, based on regulatory filings with the Securities and Exchange Commission.
Krugman's departure marks a governance transition at Invesco's digital asset ETF division. His previous responsibilities encompassed oversight of the Invesco Galaxy Ethereum ETF, which launched in 2024 as a passively managed digital assets fund tracking spot ethereum prices. The ETF trades under the ticker symbol QETH on Cboe BZX and uses the Lukka Prime Ethereum Reference Rate as its benchmark to measure ether performance, adjusted for the fund's expenses and liabilities.
Beyond the ethereum fund, Krugman served as both sponsor and shareholder of the Invesco Galaxy Solana ETF, according to SEC filings dated March 6, 2026. This dual appointment underscored his central role in Invesco's cryptocurrency ETF initiatives during a period of significant institutional adoption of digital asset investment products. The specific reasons for his resignation from the ethereum ETF sponsor board were not disclosed in available public sources.
The departure occurs as Invesco and other major asset managers continue expanding their cryptocurrency offerings to institutional investors. The ethereum ETF sponsor board transition may signal organizational restructuring within Invesco's digital assets division or a shift in leadership priorities as the firm manages multiple cryptocurrency-focused product lines.
Krugman's departure marks a governance transition at Invesco's digital asset ETF division. His previous responsibilities encompassed oversight of the Invesco Galaxy Ethereum ETF, which launched in 2024 as a passively managed digital assets fund tracking spot ethereum prices. The ETF trades under the ticker symbol QETH on Cboe BZX and uses the Lukka Prime Ethereum Reference Rate as its benchmark to measure ether performance, adjusted for the fund's expenses and liabilities.
Beyond the ethereum fund, Krugman served as both sponsor and shareholder of the Invesco Galaxy Solana ETF, according to SEC filings dated March 6, 2026. This dual appointment underscored his central role in Invesco's cryptocurrency ETF initiatives during a period of significant institutional adoption of digital asset investment products. The specific reasons for his resignation from the ethereum ETF sponsor board were not disclosed in available public sources.
The departure occurs as Invesco and other major asset managers continue expanding their cryptocurrency offerings to institutional investors. The ethereum ETF sponsor board transition may signal organizational restructuring within Invesco's digital assets division or a shift in leadership priorities as the firm manages multiple cryptocurrency-focused product lines.
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