Invesco Revives Spot Bitcoin ETF Application Amid Other Industry Giants

Global asset management company Invesco, which has about $1.5 trillion assets under management, has revived its spot Bitcoin ETF application with the U.S. Securities and Exchange Commission (SEC). Following the applications submitted to the SEC for spot Bitcoin ETFs by BlackRock and WisdomTree, the company has resubmitted its own application to the U.S. regulator using Form 19b-4. Details of Invesco’s Spot Bitcoin ETF Application With its spot Bitcoin ETF, Invesco aims to help investors indirectly invest in Bitcoin. The company’s official application stated, “Cboe BZX Exchange has filed a proposed rule change with the Securities and Exchange Commission, pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 and Rule 19b-4 thereunder, for the listing and trading of shares of the Invesco Galaxy Bitcoin ETF under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares.” The Chairman of the Cboe BZX Exchange gave the green light to the proposed change on June […] The post Invesco Revives Spot Bitcoin ETF Application Amid Other Industry Giants appeared first on COINTURK NEWS.