Invesco submits new spot bitcoin ETF application
Invesco, an investment management organization overseeing assets worth $1.49 trillion, recently filed a new application for a spot bitcoin exchange-traded fund (ETF). The move follows Invesco’s initial joint application with Galaxy Digital in 2021. The latest filing highlights Invesco’s strong belief in the pressing necessity for a spot bitcoin ETF, emphasizing that the absence of such a product exposes investors to riskier alternatives. The company cited instances of platform companies facing bankruptcy, including FTX, Celsius Network, BlockFi, and Voyager Digital Holdings. https://t.co/CuTRwyJwY2 — Watcher.Guru (@WatcherGuru) June 21, 2023 According to a recent filing with the Securities and Exchange Commission (SEC), Invesco has again shown keen interest in establishing a spot bitcoin ETF. The application emphasizes the urgent need for such a product, as the lack thereof leads investors towards riskier options. Invesco believes that the availability of a...