24/7 Cryptocurrency News

Just-In: Invesco Refiles For Spot Bitcoin ETF After Two Years

1.4 billion investment management firm Invesco refiles for spot Bitcoin ETF, following the BlackRock and other applications.
Published by
Just-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.

Advertisement

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.

Advertisement

Share
Coingapestaff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Trump-Backed World Liberty (WLFI) Plans RWA Tokenization Paired with USD1 Stablecoin

Trump Family's World Liberty Financial has unveiled big real-world asset (RWA) tokenization plans on Wednesday,…

October 1, 2025
  • 24/7 Cryptocurrency News

Stripe Eyes U.S. Banking Charter, Pioneers One-Click Stablecoin Issuance for Firms

Fintech giant Stripe has unveiled a suite of tools to enable businesses to tap into…

October 1, 2025
  • 24/7 Cryptocurrency News

Breaking: Metaplanet Expands Treasury With 5,268 BTC Purchase, Climbs to 4th Largest Holder

Metaplanet has expanded its Bitcoin portfolio with another purchase. The Tokyo-listed firm is now the…

October 1, 2025
  • Bitcoin News

BREAKING: Nasdaq Files with US SEC to List BlackRock Bitcoin Premium Income ETF

Nasdaq has officially filed to list and trade BlackRock iShares Bitcoin Premium Income ETF with…

October 1, 2025
  • 24/7 Cryptocurrency News

Mr Beast, Whales Buy ASTER Token Amid 20% Crash, What’s Next?

While the ASTER token has crashed 20% in the last 24 hours, to test the…

October 1, 2025
  • 24/7 Cryptocurrency News

Breaking: U.S. Government Shuts Down After Congress Fails to Pass Funding Bill

The U.S government has entered its first shutdown since 2019 after lawmakers failed to reach…

October 1, 2025