SECAs the pressure on cryptocurrencies increases, BlackRock, the world’s largest asset management company, bitcoin His ETF application has been the lifeblood of the rise in BTC and altcoins.
BlackRockThe ETF frenzy started by ‘s grew and many companies applied for ETFs.
One of them is a global investment management company. Invesco it happened.
With $1.49 trillion under management, the company has reapplied for a spot Bitcoin exchange-traded fund (ETF).
Invesco first applied for a Bitcoin ETF with Galaxy Digital in 2021. Afterwards, there is also a bitcoin It has also applied for a futures ETF.
However, these applications of Invesco were not accepted. After this refusal, Invesco did not apply for an ETF.
In its latest Bitcoin ETF application, Invesco claimed that the lack of a spot Bitcoin ETF in the US has led investors to riskier alternatives, as did the bankruptcies of platforms such as FTX, Celsius Network, BlockFi, and Voyager Digital.
Inspired by BlackRock apart from Invesco, iShares, Bitwise and WisdomTree Other prominent names such as Bitcoin have also applied for a Bitcoin ETF since last Thursday.
Although Bitcoin ETF applications have increased recently, the SEC has had several BTC It should be noted that it has not endorsed any spot Bitcoin ETFs other than the futures ETF.
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