$364 Billion Investment Manager Invesco Files For Bitcoin ETF
Independent investment firm Invesco, which currently operates 233 ETFs in the U.S., quietly applied for a Bitcoin ETF on Thursday.Independent investment firm Invesco, which currently operates 233 ETFs in the U.S., quietly applied for a Bitcoin ETF on Thursday. The filing for a Bitcoin Strategy ETF falls under the 40 Act, a notable move that follows public recommendations by SEC Chairman Gary Gensler. Gensler spoke of the potential paths to a Bitcoin ETF earlier this week, at the time stating that he believes the act “provides significant investor protections” and that it will be used to....
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Invesco withdrew its Bitcoin Strategy ETF due to the inability to offer exposure to a mix of futures swaps and spot Bitcoin. After dropping a filing for a Bitcoin (BTC) futures exchange-traded fund (ETF) in October, United States $1.6-trillion asset manager Invesco has disclosed the reasons behind its decision.Anna Paglia, global head of ETFs and indexed strategies at Invesco, said that the biggest reason for dropping the filing was that the U.S. Securities and Exchange Commission only approved Bitcoin ETFs with 100% exposure to Bitcoin futures.The Invesco Bitcoin Strategy ETF was designed....
The Invesco Bitcoin Strategy ETF may “at times” invest in Bitcoin ETFs listed outside of the United States. Atlanta-based investment company Invesco is planning to launch a new Bitcoin (BTC) exchange-traded fund, or ETF, that will not invest in BTC directly.On Wednesday, Invesco filed an application with the United States Securities and Exchange Commission (SEC) to list a new investment product called Bitcoin Strategy ETF.The Invesco Bitcoin Strategy ETF seeks to achieve its investment objective by investing “all or substantially all of its assets” in Bitcoin futures and exchange-traded....
The lending platform has partnered with the $400 billion investment manager to launch a direct BTC exposure offering in the U.S.
Global Investment Manager VanEck Files With For A Bitcoin ETF, For The Second Time.