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      <invstOrSec>
        <name>Salesforce, Inc.</name>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
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        <name>Canaan Inc.</name>
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        <name>Sinohope Technology Holdings Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CleanSpark, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Invesco Government &amp; Agency Portfolio</name>
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        <name>Advanced Micro Devices, Inc.</name>
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        <name>Cisco Systems, Inc.</name>
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        <name>Strategy Inc.</name>
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        <name>Northern Data AG</name>
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        <name>Invesco Private Government Fund</name>
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        <name>Invesco Private Prime Fund</name>
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        <name>International Business Machines Corp.</name>
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        <name>Intel Corp.</name>
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        <name>Bit Digital, Inc.</name>
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        <name>Microsoft Corp.</name>
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        <name>Oracle Corp.</name>
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        <name>Mara Holdings, Inc.</name>
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        <name>Bitfarms Ltd.</name>
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        <name>Grayscale Bitcoin Trust ETF</name>
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        <title>Grayscale Bitcoin Trust ETF</title>
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        <name>Coinbase Global, Inc.</name>
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        <name>OSL Group Ltd.</name>
        <lei>254900CO7POSAPH8UL47</lei>
        <title>OSL Group Ltd.</title>
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        <name>Texas Instruments Inc.</name>
        <lei>WDJNR2L6D8RWOEB8T652</lei>
        <title>Texas Instruments Inc.</title>
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        <name>SoFi Technologies, Inc.</name>
        <lei>549300SW81JCMVZDDY09</lei>
        <title>SoFi Technologies, Inc.</title>
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      <invstOrSec>
        <name>Walmart Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Robinhood Markets, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Verizon Communications Inc.</name>
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      <invstOrSec>
        <name>Cipher Mining Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BTCS Inc.</name>
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        <title>BTCS Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Trump Media &amp; Technology Group Corp.</name>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IREN Ltd.</name>
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        <title>IREN Ltd.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TeraWulf Inc.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Shell PLC</name>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Nestle S.A.</name>
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      <invstOrSec>
        <name>Applied Digital Corp.</name>
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        <name>Tesla, Inc.</name>
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        <name>Accenture PLC</name>
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        <name>Chaince Digital Holdings Inc.</name>
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        <name>Bitdeer Technologies Group</name>
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        <name>Hive Digital Technologies Ltd.</name>
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        <name>Taiwan Semiconductor Manufacturing Co. Ltd.</name>
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        <name>Hut 8 Corp.</name>
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        <name>Hyperscale Data, Inc.</name>
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        <name>Core Scientific, Inc.</name>
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        <title>Core Scientific, Inc.</title>
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        <name>QUALCOMM Inc.</name>
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        <name>Bitwise Bitcoin ETF</name>
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        <title>Bitwise Bitcoin ETF</title>
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        <name>Fidelity Wise Origin Bitcoin Fund</name>
        <lei>254900ICT5W5WU7K9J50</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ARK 21Shares Bitcoin ETF</name>
        <lei>N/A</lei>
        <title>ARK 21Shares Bitcoin ETF</title>
        <cusip>040919102</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>iShares Bitcoin Trust</name>
        <lei>529900HVFN08L8P4H851</lei>
        <title>iShares Bitcoin Trust</title>
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          <isin value="US46438F1012"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bakkt, Inc.</name>
        <lei>N/A</lei>
        <title>Bakkt, Inc.</title>
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          <isin value="US05759B3050"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nakamoto Inc.</name>
        <lei>N/A</lei>
        <title>Nakamoto Inc.</title>
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          <isin value="US49457M1062"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Grayscale Bitcoin Mini Trust ETF</name>
        <lei>529900WHTNX5LZCNWB27</lei>
        <title>Grayscale Bitcoin Mini Trust ETF</title>
        <cusip>389930207</cusip>
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          <isin value="US3899302075"/>
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        <balance>688.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VanEck Bitcoin ETF</name>
        <lei>549300TNL4G0U4518067</lei>
        <title>VanEck Bitcoin ETF</title>
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          <isin value="US92189K1051"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Exodus Movement, Inc.</name>
        <lei>984500E614L4114D9667</lei>
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          <isin value="US30209R1068"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Citigroup Inc.</name>
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        <title>Citigroup Inc.</title>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>SharpLink, Inc.</name>
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        <title>SharpLink, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Etoro Group Ltd.</name>
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        <title>Etoro Group Ltd.</title>
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          <isin value="VGG320891077"/>
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        <assetCat>EC</assetCat>
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        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Galaxy Digital Inc.</name>
        <lei>9845001C4070E5N07806</lei>
        <title>Galaxy Digital Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Circle Internet Group, Inc.</name>
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        <title>Circle Internet Group, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Bullish</name>
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        <title>Bullish</title>
        <cusip>G16910120</cusip>
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        <name>Bitmine Immersion Technologies, Inc.</name>
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        <assetCat>EC</assetCat>
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        <name>Gemini Space Station, Inc.</name>
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        <name>Figure Technology Solutions, Inc.</name>
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        <assetCat>EC</assetCat>
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        <name>American Bitcoin Corp.</name>
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        <title>American Bitcoin Corp., Class A</title>
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        <assetCat>EC</assetCat>
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        <name>Strive Inc.</name>
        <lei>N/A</lei>
        <title>Strive Inc.</title>
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        <name>Ethzilla Corp.</name>
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        <title>Ethzilla Corp.</title>
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        <assetCat>EC</assetCat>
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        <name>Cango Inc.</name>
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        <title>Cango Inc., A Shares</title>
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        <assetCat>EC</assetCat>
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        <name>Amazon.com, Inc.</name>
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        <name>Intuit Inc.</name>
        <lei>VI90HBPH7XSFMB9E4M29</lei>
        <title>Intuit Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>NVIDIA Corp.</name>
        <lei>549300S4KLFTLO7GSQ80</lei>
        <title>NVIDIA Corp.</title>
        <cusip>67066G104</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Visa Inc.</name>
        <lei>549300JZ4OKEHW3DPJ59</lei>
        <title>Visa Inc., Class A</title>
        <cusip>92826C839</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Boyaa Interactive International Ltd.</name>
        <lei>529900S38ZOYWV30WR67</lei>
        <title>Boyaa Interactive International Ltd.</title>
        <cusip>G12775105</cusip>
        <identifiers>
          <isin value="KYG127751058"/>
        </identifiers>
        <balance>131340.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.80970000"/>
        <valUSD>55672.12000000</valUSD>
        <pctVal>1.170692203582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="41749.91000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alibaba Group Holding Ltd.</name>
        <lei>5493001NTNQJDH60PM02</lei>
        <title>Alibaba Group Holding Ltd., ADR</title>
        <cusip>01609W102</cusip>
        <identifiers>
          <isin value="US01609W1027"/>
        </identifiers>
        <balance>382.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>64771.92000000</valUSD>
        <pctVal>1.362045881404</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="65866.50000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mastercard Inc.</name>
        <lei>AR5L2ODV9HN37376R084</lei>
        <title>Mastercard Inc., Class A</title>
        <cusip>57636Q104</cusip>
        <identifiers>
          <isin value="US57636Q1040"/>
        </identifiers>
        <balance>102.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>54956.58000000</valUSD>
        <pctVal>1.155645586005</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GameStop Corp.</name>
        <lei>549300505KLOET039L77</lei>
        <title>GameStop Corp., Class A</title>
        <cusip>36467W109</cusip>
        <identifiers>
          <isin value="US36467W1099"/>
        </identifiers>
        <balance>2755.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>65789.40000000</valUSD>
        <pctVal>1.383441795612</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="17837.42000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PayPal Holdings, Inc.</name>
        <lei>5493005X2GO78EFZ3E94</lei>
        <title>PayPal Holdings, Inc.</title>
        <cusip>70450Y103</cusip>
        <identifiers>
          <isin value="US70450Y1038"/>
        </identifiers>
        <balance>1013.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>53374.97000000</valUSD>
        <pctVal>1.122386955004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-03-02</ncom:dateSigned>
      <ncom:nameOfApplicant>Invesco Exchange-Traded Fund Trust II</ncom:nameOfApplicant>
      <ncom:signature>Adrien Deberghes</ncom:signature>
      <ncom:signerName>Adrien Deberghes</ncom:signerName>
      <ncom:title>Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
