Invesco has submitted the latest S-1 form to the SEC, committing to issue a Bitcoin spot ETF solely in cash

According to ChainCatcher news, official information shows that Invesco and Galaxy have submitted a third amended Bitcoin spot ETF prospectus (S-1 filing) to the U.S. Securities and Exchange Commission (SEC), which promises to focus on launching a Bitcoin exchange-traded fund (ETF) created solely through cash.

In this regard, Bloomberg ETF analyst Eric Balchunas pointed out that this is a clear signal indicating that the SEC prefers the cash creation method for initial ETF product approvals. Although the market is generally focused on whether BlackRock can persuade the SEC to accept the in-kind creation method, internal sources suggest that the SEC seems to only allow cash methods for the first batch of products.