Claim BonusJust-In: Invesco Refiles For Spot Bitcoin ETF After Two Years
Invesco, a prominent investment management company overseeing $1.49 trillion in assets, has submitted a fresh application for a spot Bitcoin (BTC) exchange-traded fund (ETF). This move comes after Invesco initially filed for a Bitcoin ETF in collaboration with Galaxy Digital in 2021, as CoinGape reported.
Invesco Refiles Bitcoin ETF
Invesco has reportedly tossed its hat back into the ring for a spot Bitcoin exchange-traded fund (ETF), according to a new Securities and Exchange Commission (SEC) filing.
After their initial application in 2021, Invesco also applied for Bitcoin Futures ETF bid but pulled off at the last moment. They cited regularly concerns after the SEC has already approved ProShares’s Bitcoin Futures ETF.
Also Read: Wisdom Tree Files for BTC ETF
In its recent filing, Invesco emphasized the urgent need for a spot Bitcoin ETF, asserting that the absence of such a product drives investors toward riskier alternatives. The filing referred to instances of insolvencies involving platforms like FTX, Celsius Network, BlockFi, and Voyager Digital Holdings.
Bitcoin ETF On The Rise
The reapplication by Invesco for a spot Bitcoin ETF comes in response to growing interest and competition in the cryptocurrency ETF space. Invesco’s decision to reapply was likely influenced by the recent application submitted by BlackRock, a significant player in the investment management industry.
Other prominent names, such as iShares and Bitwise, and WisdomTree, have also submitted filings for spot Bitcoin ETFs since last Thursday.
Coingape also reported Bitcoin Price that experienced a significant surge in its price over the past 24 hours, with a 6.9% increase. In the last seven days, it has seen a notable rise of 10.6%. According to Tradingview, Bitcoin’s market value has reached 51%, indicating its dominance in the cryptocurrency market.
Furthermore, the identification of a significant number of altcoins as securities by the U.S. Securities and Exchange Commission (SEC) could have implications for the market.
In contrast, Bitcoin, being recognized as a commodity by the SEC, may be viewed as a more established and regulated investment option.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- South Korea Lifts Nine Year Ban on Corporate Crypto Investments
- India’s FIU Tightens Crypto Oversight, Mandates Live Selfies, Geo-Tagging, and Stricter KYC
- Dogecoin ETF by 21Shares Gains Approval to Launch This Week
- Coinbase Pushes Back as CLARITY Act Faces DeFi and Stablecoin Reward Ban Debate
- Tether At Center Stage in US Venezuela Conflict As 80% Oil Revenue Stays in Stablecoin
- Binance Coin Price Target $1,000 as CZ Signals Incoming Crypto Super Cycle
- Bitcoin and XRP Price Prediction Ahead of Supreme Court Tariffs Ruling on Jan 14, 2026
- Crypto Price Prediction Ahead of US CPI Inflation Data- ETH, ADA, Pi Coin
- XRP Price Outlook Ahead of Jan 15 CLARITY Act Vote
- Bitcoin Price Prediction: Digital Gold in Focus Amid US Strategic Crypto Reserve Talks
- Pi Network Price Prediction Ahead of 2026 First Upgrade
