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Tokenized on Robinhood Chain
SPMO
Invesco S&P 500 Momentum ETF. There are 28 of these tokens in existence, worth $4.1k between them. It is listed but barely trades: under $1.0k changed hands in the last twenty four hours.
Price
$149.2
24 hours
—
Volume, 24h
$60
Tokens in existence
28
7 days
-2.10%
30 days
-1.10%
Range since listing
$136.99 – $3,544.97
What you would actually own
A token, not a share. It tracks the price of Invesco S&P 500 Momentum ETFstock, and it is a claim arranged by an issuer rather than an entry on the company's share register: no vote, no direct dividend entitlement, and a counterparty between you and the equity. The supply figure above is the honest measure of how large this actually is — 28 tokens is a different order of magnitude from the company's shares outstanding, and conflating the two is the most common mistake made about this market. The longer answer.
