INVESCO EXCHANGE-TRADED FUND TRUST II

SUPPLEMENT DATED OCTOBER 7, 2024 TO THE PROSPECTUSES
DATED FEBRUARY 28, 2024 OF:

Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC)
(the “Fund”)

The Fund’s classification has changed from “non-diversified” to “diversified,” and therefore the Fund is now required to meet certain diversification requirements under the Investment Company Act of 1940. Effective immediately, all references in the Fund’s Summary Prospectus and Statutory Prospectus with regard to the Fund being “non-diversified” are hereby deleted in their entirety.

Please Retain This Supplement For Future Reference.

P-BLKC-PRO-SUP 100724