In a renewed effort to make its mark in the burgeoning Bitcoin market, Invesco, a global investment management firm with $1.49 trillion under its management, 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. This comes after the firm previously withdrew its application for a Bitcoin ETF back in October 2021 after submitting the application earlier that year.
The original retreat of Invesco's Bitcoin ETF proposition came in the face of regulatory headwinds. The U.S. Securities and Exchange Commission had been resistant to approve such funds due to concerns over potential fraud and market manipulation. However, the recent re-filing suggests a renewed sense of optimism from the firm, potentially signaling a shift in the regulatory landscape.
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