In a move that surprised some experts, Invesco Ltd, an investment management company with $1.3 trillion in assets under management, decided not to immediately pursue its Bitcoin futures application.
“We have determined not to pursue the launch of a Bitcoin futures ETF in the immediate near-term,” an Invesco spokesperson told Bloomberg.
The firm added that it will carry on with its Galaxy Digital partnership to offer investors a “full shelf of products” with exposure to digital assets, including a physically-backed Bitcoin ETF.
SHOCKER: Invesco is dropping out of the race. Will not pursue bitcoin futures ETF, focus on blockchain stock ETFs (and spot bitcoin ETF) instead. Not sure why, esp bc they were next in line.. pic.twitter.com/iCenVoiMGb
— Eric Balchunas (@EricBalchunas) October 18, 2021
A physical Bitcoin ETF is an investment vehicle designed to track the actual price of the underlying asset, with shares in the fund trading on a traditional stock exchange. In essence,
We współpracy z: https://decrypt.co/83774/invesco-drops-bitcoin-futures-etf-filing
