Invesco joins BlackRock, WisdomTree in filing for spot Bitcoin ETF

U.S.-based investment manager Invesco re-filed its spot Bitcoin ETF application with the Securities Exchange Commission (SEC) on June 20.
In conjunction with Galaxy Digital, the firm had previously filed for a spot Bitcoin ETF in September 2021. It also applied for a futures ETF product, named “The Invesco Bitcoin Strategy ETF,” in August 2021 – later dropping the application in October 2021, giving no specific reason for the turnaround.
Invesco’s re-filing comes in quick succession to WisdomTree and BlackRock’s spot ETF applications. The BlackRock filing was made on June 15, when market sentiment was low due to heightened regulatory hostility.
Alex Adelma, the chief executive of Bitcoin rewards app Lolli, said that as the world’s largest investment manager, BlackRock had reinvigorated institutional interest in Bitcoin – likely triggering a wave of institutional Bitcoin-related financial products to come.
In its current filing, Invesco pointed out that prior ETF approvals

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