Invesco has submitted a Bitcoin ETF application again

ChainCatcher news, asset management giant Invesco (IVZ) has submitted another Bitcoin ETF application, aiming to advocate for more cryptocurrency investment products. Invesco argues in its application documents that the lack of a spot Bitcoin ETF pushes investors toward riskier alternatives. It is reported that Invesco currently manages assets totaling $1.4 trillion.

Previous report, Invesco first applied for a Bitcoin ETF in collaboration with Galaxy Digital in 2021 but abandoned the effort in October of the same year. (Coindesk)