Invesco Adds Bitcoin ETF Application to Growing List

[waybesuricata]

US investment management company Invesco is planning on launching a pair of cryptocurrency-based exchange-traded funds (ETFs).

Some 85% of Invesco Galaxy Blockchain Economy ETF and the Invesco Galaxy Crypto Economy ETF will consist of crypto-linked equities, according to a filing with the U.S. Securities and Exchange Commission (SEC). The remainder will be in other trusts and funds that hold cryptocurrencies.

The application adds to the growing list of Bitcoin ETF filings submitted to the SEC. Chances of approval this year have diminished in light of skeptical comments from new Chairman Gary Gensler last month.

Source and continuation of the article:  https://beincrypto.com/invesco-adds-bitcoin-etf-application-to-growing-list/