Back in the game! Financial powerhouse InvescoUS renews its BitcoinETF bid, hinting at a shift in the regulatory wind
is not alone in its pursuit of a much-coveted spot in Bitcoin ETF. Other prominent names, such as iShares and Bitwise, and WisdomTree, have also submitted filings for spot Bitcoin ETFs since last Thursday.
As reported by U.Today, BlackRock, the world's largest asset manager, recently caused a stir in the crypto industry by applying for a spot in Bitcoin ETF, with several analysts attempting to decode the motivation behind this maneuver. The flurry of filings indicates a renewed surge of institutional interest in the cryptocurrency, suggesting a potential sea change in regulatory approval for such financial products.
The situation remains fluid as the SEC has yet to issue a final decision on these filings. Nonetheless, the re-emergence of Invesco, alongside the entry of other major players in the financial arena, introduces a new twist in the ever-changing narrative surroudning Bitcoin ETFs.
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