SATOETF / FundInvesco Alerian Galaxy Crypto Economy ETF
Verdicts genuinely change. Free email alert the moment SATO's does — no target price to set, unlike "Alert" above.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
Invesco Alerian Galaxy Crypto Economy ETF ETF · Invesco Exchange-Traded Fund Trust II
60 holdings · as of 2026-07-31 (3.0 months ago)
This fund holds short positions, so exposure is counted gross — long and short both count as exposure rather than netting off, and the weights below therefore sum to 133% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT At least 46.39% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 60% turns out to be. Matching more holdings can only raise this share, never lower it.
60 holdings, 45 matched (55% of weight). Portfolio as of 2026-07-31, filed 2026-09-29. Source: SEC Form N-PORT.
6.52% of this portfolio’s income is non-permissible — weighted across holdings, computed over 45% of portfolio weight (38 of 60 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
Portfolio shares are withheld: coverage is below the floor needed to state one. The holdings themselves are below, because the names are evidence you can check.
All holdings (60)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| Invesco Private Prime Fund | UNSCREENED | 24.87% | no in-house ratios for this holding |
| iShares Bitcoin Trust ETF | UNSCREENED | 9.45% | no in-house ratios for this holding |
| Invesco Private Government Fund | UNSCREENED | 7.80% | no in-house ratios for this holding |
| NAKA Nakamoto Inc. | COMPLIANT | 3.00% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.1% S&P Shariah— MSCI Islamic0.0% MSCI Islamic M-Series— FTSE Shariah0.0% |
| BMNR BitMine Immersion Technologies, Inc. | COMPLIANT | 2.83% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic— S&P Shariah— MSCI Islamic0.0% MSCI Islamic M-Series— FTSE Shariah0.0% |
| SBET SharpLink, Inc. | NON_COMPLIANT | 2.77% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| CLSK CleanSpark, Inc. | NON_COMPLIANT | 2.57% | AAOIFI54.6% Usmani65.9% Dow Jones Islamic56.9% S&P Shariah61.3% MSCI Islamic65.9% MSCI Islamic M-Series61.3% FTSE Shariah65.9% |
| 0863.HK OSL Group Ltd. | NON_COMPLIANT | 2.50% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HUT Hut 8 Corp. | NON_COMPLIANT | 2.44% | AAOIFI3.8% Usmani4.4% Dow Jones Islamic9.3% S&P Shariah12.7% MSCI Islamic4.4% MSCI Islamic M-Series12.7% FTSE Shariah4.1% |
| MSTR Strategy Inc. | COMPLIANT | 2.39% | AAOIFI12.5% Usmani12.9% Dow Jones Islamic7.5% S&P Shariah9.4% MSCI Islamic12.9% MSCI Islamic M-Series9.4% FTSE Shariah12.8% |
| CRCL Circle Internet Group, Inc. | NON_COMPLIANT | 2.39% | AAOIFI0.1% Usmani0.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic0.0% MSCI Islamic M-Seriesfail FTSE Shariah0.0% |
| 3350.T Metaplanet Inc. | COMPLIANT | 2.39% | AAOIFI11.6% Usmani8.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic8.7% MSCI Islamic M-Seriespass FTSE Shariah8.7% |
| BTCS BTCS Inc. | COMPLIANT | 2.34% | AAOIFI19.0% Usmani15.2% Dow Jones Islamic15.9% S&P Shariah21.3% MSCI Islamic15.2% MSCI Islamic M-Series21.3% FTSE Shariah15.2% |
| Fidelity Wise Origin Bitcoin Fund | UNSCREENED | 2.31% | no in-house ratios for this holding |
| Cipher Digital Inc. | UNSCREENED | 2.31% | no in-house ratios for this holding |
| RIOT Riot Platforms, Inc. | COMPLIANT | 2.26% | AAOIFI10.7% Usmani26.9% Dow Jones Islamic16.7% S&P Shariah20.0% MSCI Islamic26.9% MSCI Islamic M-Series20.0% FTSE Shariah25.8% |
| BTGO Bitgo Holdings, Inc. | NON_COMPLIANT | 2.23% | AAOIFI17.3% Usmani2.3% Dow Jones Islamic14.3% S&P Shariah14.3% MSCI Islamic2.3% MSCI Islamic M-Series14.3% FTSE Shariah2.2% |
| ABTC American Bitcoin Corp. | COMPLIANT | 2.22% | AAOIFI— Usmani— Dow Jones Islamicfail S&P Shariahfail MSCI Islamic— MSCI Islamic M-Seriesfail FTSE Shariah— |
| COIN Coinbase Global, Inc. | NON_COMPLIANT | 2.22% | AAOIFI13.1% Usmani23.2% Dow Jones Islamic9.7% S&P Shariah10.8% MSCI Islamic23.2% MSCI Islamic M-Series10.8% FTSE Shariah22.5% |
| GEMI Gemini Space Station, Inc. | NON_COMPLIANT | 2.21% | AAOIFI3.4% Usmani1.3% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic1.3% MSCI Islamic M-Seriesfail FTSE Shariah0.0% |
| ETOR Etoro Group Ltd. | NON_COMPLIANT | 2.16% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| IREN IREN Ltd. | NON_COMPLIANT | 2.12% | AAOIFI48.9% Usmani49.6% Dow Jones Islamic83.7% S&P Shariah114.2% MSCI Islamic48.1% MSCI Islamic M-Series114.2% FTSE Shariah48.1% |
| Strive Inc. | UNSCREENED | 2.12% | no in-house ratios for this holding |
| BLSH Bullish | COMPLIANT | 2.12% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| Forum Markets, Inc. | UNSCREENED | 2.11% | no in-house ratios for this holding |
| Bakkt, Inc. | UNSCREENED | 2.06% | no in-house ratios for this holding |
| MARA Mara Holdings, Inc. | NON_COMPLIANT | 2.06% | AAOIFI59.2% Usmani56.7% Dow Jones Islamic48.0% S&P Shariah50.6% MSCI Islamic56.6% MSCI Islamic M-Series50.6% FTSE Shariah55.6% |
| HIVE Hive Digital Technologies Ltd. | NON_COMPLIANT | 2.03% | AAOIFI9.7% Usmani15.3% Dow Jones Islamic21.0% S&P Shariah20.9% MSCI Islamic12.3% MSCI Islamic M-Series20.9% FTSE Shariah3.5% |
| GLXY Galaxy Digital Inc. | NON_COMPLIANT | 2.02% | AAOIFI0.0% Usmani0.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic0.0% MSCI Islamic M-Seriesfail FTSE Shariah0.0% |
| KEEL Keel Infrastructure Corp. | NON_COMPLIANT | 1.98% | AAOIFI48.4% Usmani73.3% Dow Jones Islamic84.8% S&P Shariah100.6% MSCI Islamic73.2% MSCI Islamic M-Series100.6% FTSE Shariah72.5% |
| XXI Twenty One Capital, Inc. | QUESTIONABLE | 1.97% | AAOIFI16.7% Usmani18.2% Dow Jones Islamic5.2% S&P Shariah— MSCI Islamic18.2% MSCI Islamic M-Series— FTSE Shariah18.2% |
| WULF TeraWulf Inc. | NON_COMPLIANT | 1.83% | AAOIFI35.4% Usmani38.9% Dow Jones Islamic65.9% S&P Shariah91.8% MSCI Islamic38.9% MSCI Islamic M-Series91.8% FTSE Shariah38.6% |
| Grayscale Bitcoin Trust ETF | UNSCREENED | 1.79% | no in-house ratios for this holding |
| Bitdeer Technologies Group | UNSCREENED | 1.77% | no in-house ratios for this holding |
| CAN Canaan Inc. | NON_COMPLIANT | 1.32% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| PYPL PayPal Holdings, Inc. | NON_COMPLIANT | 1.09% | AAOIFI22.1% Usmani12.5% Dow Jones Islamic16.3% S&P Shariah16.0% MSCI Islamic12.5% MSCI Islamic M-Series16.0% FTSE Shariah11.7% |
| MSFT Microsoft Corp. | QUESTIONABLE | 1.04% | AAOIFI1.5% Usmani7.5% Dow Jones Islamic1.7% S&P Shariah1.8% MSCI Islamic7.5% MSCI Islamic M-Series1.8% FTSE Shariah5.3% |
| DJT Trump Media & Technology Group Corp. | NON_COMPLIANT | 0.99% | AAOIFI38.8% Usmani48.2% Dow Jones Islamic22.7% S&P Shariah22.3% MSCI Islamic48.2% MSCI Islamic M-Series22.3% FTSE Shariah48.1% |
| AKER.OL Aker ASA | NON_COMPLIANT | 0.92% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| XYZ Block, Inc. | NON_COMPLIANT | 0.90% | AAOIFI12.2% Usmani15.3% Dow Jones Islamic14.3% S&P Shariah14.7% MSCI Islamic15.3% MSCI Islamic M-Series14.7% FTSE Shariah14.6% |
| JPM JPMorgan Chase & Co. | NON_COMPLIANT | 0.90% | AAOIFI7.7% Usmani1.4% Dow Jones Islamic9.5% S&P Shariah10.7% MSCI Islamic1.4% MSCI Islamic M-Series10.7% FTSE Shariah1.4% |
| V Visa Inc. | COMPLIANT | 0.90% | AAOIFI3.5% Usmani25.2% Dow Jones Islamic15.5% S&P Shariah16.7% MSCI Islamic25.2% MSCI Islamic M-Series16.7% FTSE Shariah25.2% |
| GME GameStop Corp. | NON_COMPLIANT | 0.85% | AAOIFI1.6% Usmani1.6% Dow Jones Islamic1.6% S&P Shariah1.9% MSCI Islamic1.6% MSCI Islamic M-Series1.9% FTSE Shariah0.1% |
| NVDA NVIDIA Corp. | COMPLIANT | 0.85% | AAOIFI1.1% Usmani12.1% Dow Jones Islamic0.9% S&P Shariah1.1% MSCI Islamic12.1% MSCI Islamic M-Series1.1% FTSE Shariah10.4% |
| GS Goldman Sachs Group, Inc. (The) | NON_COMPLIANT | 0.82% | AAOIFI147.5% Usmani20.6% Dow Jones Islamic194.6% S&P Shariah229.2% MSCI Islamic20.6% MSCI Islamic M-Series229.2% FTSE Shariah20.6% |
| SLNHP Soluna Holdings, Inc. | NON_COMPLIANT | 0.81% | AAOIFI12.7% Usmani13.4% Dow Jones Islamic6.8% S&P Shariah10.0% MSCI Islamic12.8% MSCI Islamic M-Series10.0% FTSE Shariah11.3% |
| TSM Taiwan Semiconductor Manufacturing Co. Ltd. | COMPLIANT | 0.80% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| SOFI SoFi Technologies, Inc. | NON_COMPLIANT | 0.75% | AAOIFI14.6% Usmani5.5% Dow Jones Islamic15.6% S&P Shariah19.9% MSCI Islamic5.5% MSCI Islamic M-Series19.9% FTSE Shariah5.5% |
| Core Scientific, Inc. | UNSCREENED | 0.75% | no in-house ratios for this holding |
| AMD Advanced Micro Devices, Inc. | COMPLIANT | 0.75% | AAOIFI0.5% Usmani5.1% Dow Jones Islamic1.2% S&P Shariah1.3% MSCI Islamic5.1% MSCI Islamic M-Series1.3% FTSE Shariah3.8% |
| GPUS Hyperscale Data, Inc. | NON_COMPLIANT | 0.74% | AAOIFI177.1% Usmani32.7% Dow Jones Islamic21574.0% S&P Shariah16641.6% MSCI Islamic32.7% MSCI Islamic M-Series16641.6% FTSE Shariah30.5% |
| Grayscale Bitcoin Mini Trust ETF | UNSCREENED | 0.74% | no in-house ratios for this holding |
| APLD Applied Digital Corp. | NON_COMPLIANT | 0.73% | AAOIFI1.0% Usmani0.9% Dow Jones Islamic1.1% S&P Shariah1.5% MSCI Islamic0.5% MSCI Islamic M-Series1.5% FTSE Shariah0.0% |
| DGXX Digi Power X Inc. | NON_COMPLIANT | 0.68% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| BTBT Bit Digital, Inc. | NON_COMPLIANT | 0.67% | AAOIFI20.2% Usmani9.7% Dow Jones Islamic20.7% S&P Shariah25.1% MSCI Islamic9.7% MSCI Islamic M-Series25.1% FTSE Shariah8.4% |
| TSLA Tesla, Inc. | COMPLIANT | 0.66% | AAOIFI1.1% Usmani10.8% Dow Jones Islamic1.3% S&P Shariah1.5% MSCI Islamic10.6% MSCI Islamic M-Series1.5% FTSE Shariah6.1% |
| HOOD Robinhood Markets, Inc. | NON_COMPLIANT | 0.65% | AAOIFI0.2% Usmani0.4% Dow Jones Islamic0.3% S&P Shariah0.4% MSCI Islamic0.4% MSCI Islamic M-Series0.4% FTSE Shariah0.0% |
| VanEck Bitcoin ETF | UNSCREENED | 0.53% | no in-house ratios for this holding |
| Bitwise Bitcoin ETF | UNSCREENED | 0.53% | no in-house ratios for this holding |
| ARK 21Shares Bitcoin ETF | UNSCREENED | 0.53% | no in-house ratios for this holding |
The published standards disagree about this fund by 8 points of portfolio weight — 25.4% of it passes AAOIFI, 17.5% passes Dow Jones Islamic. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 25.4% ratios fail on 37.8% 69.4% not rated under AAOIFI
ratios pass on 24.2% ratios fail on 38.3% 70.1% not rated under Usmani
ratios pass on 17.5% ratios fail on 41.1% 74.0% not rated under Dow Jones Islamic
ratios pass on 20.6% ratios fail on 38.0% 74.0% not rated under S&P Shariah
ratios pass on 18.4% ratios fail on 38.3% 76.0% not rated under MSCI Islamic
ratios pass on 17.5% ratios fail on 41.1% 74.0% not rated under MSCI Islamic M-Series
ratios pass on 18.4% ratios fail on 38.3% 76.0% not rated under FTSE Shariah
45 of 60 listed holdings carry our own per-methodology verdicts (73% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 39 (62% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| SBET SharpLink, Inc. | 2.77% |
| CLSK CleanSpark, Inc. | 2.57% |
| 0863.HK OSL Group Ltd. | 2.50% |
| HUT Hut 8 Corp. | 2.44% |
| CRCL Circle Internet Group, Inc. | 2.39% |
| BTGO Bitgo Holdings, Inc. | 2.23% |
| COIN Coinbase Global, Inc. | 2.22% |
| GEMI Gemini Space Station, Inc. | 2.21% |
| ETOR Etoro Group Ltd. | 2.16% |
| IREN IREN Ltd. | 2.12% |
Methodology breakdown computing — it will appear here on its own.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
Invesco Alerian Galaxy Crypto Economy ETF (SATO) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for SATO — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
Price Forecast
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Technical Summary
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 39.80 | NEUTRAL |
| Stochastic %K (14) | 31.77 | NEUTRAL |
| CCI (20) | -59.62 | NEUTRAL |
| Williams %R (14) | -68.23 | NEUTRAL |
| MACD (12,26,9) | -0.07 | SELL |
| ROC (10) | -5.70 | SELL |
| Momentum (10) | -0.94 | SELL |
| EMA (10) | 15.79 | SELL |
| SMA (10) | 15.54 | BUY |
| EMA (20) | 16.43 | SELL |
| SMA (20) | 16.61 | SELL |
| EMA (30) | 16.82 | SELL |
| SMA (30) | 17.62 | SELL |
| EMA (50) | 17.12 | SELL |
| SMA (50) | 17.84 | SELL |
| EMA (100) | 17.31 | SELL |
| SMA (100) | 17.08 | SELL |
| EMA (200) | 17.76 | SELL |
| SMA (200) | 17.10 | SELL |
About Invesco Alerian Galaxy Crypto Economy ETF
The fund generally will invest at least 80% of its total assets in the securities that comprise the underlying index. The underlying index, which is comprised of two different components: (i) stocks of digital asset companies, which are companies that are materially engaged in cryptocurrency mining, cryptocurrency buying, or cryptocurrency enabling technologies; and (ii) ETPs and private investment trusts traded over-the-counter that invest at least 75% of their assets in Bitcoin. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Weak — low conviction, small size or skip
SMC — Top Down
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BEARISH | 43 |
| ⏱ 15-Min | NEUTRAL | 16 |
| ⏲ 5-Min | BEARISH | 50 |
Momentum & Volume
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
Peer Movement
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
Before you act on this
The questions worth asking about any verdict on this page, answered plainly.
Is a fund screened on its name?
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
What does unrated weight mean?
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
Does the issuer's board make it compliant?
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
How often is this re-screened?
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Compare with
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Insider Activity (90d)
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-10-20 · Asset managers net 901377 (-14458)
AI Summary
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.