Invesco Seeks SEC's Permission to List Bitcoin Strategy ETF
Fazzaco learned that Invesco, an Atlanta-based asset manager, has filed with the Securities and Exchange Commission (SEC) seeking permission to list a Bitcoin ETF.
According to the SEC filing, Invesco is willing to list a new investment product called the Bitcoin Strategy ETF. The company will invest this new instrument in Bitcoin futures, exchange-traded products (ETPs), and also other Bitcoin-linked investment vehicles like Grayscale Bitcoin Trust.
The SEC filing further detailed that the fund is planning to invest the remaining assets directly in cash and cash-like instruments, along with securities, that will serve the purpose of collateral.
Invesco is one of the many companies seeking SEC's permission to launch a Bitcoin ETF. The long list of names already submitting their applications includes Fidelity, VanEck, Kryptoin, and WisdomTree. These companies have also onboarded Cboe and NYSE Arca as their exchange partners to list the ETF.
Invesco is an independent global investment management firm dedicated to delivering an investment experience that helps people get more out of life. The company has 8,000+ employees worldwide and an on-the-ground presence in 25 countries.
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