Cryptocurrency Q&A
Is Invesco reactivating its 'Invesco Galaxy bitcoin ETF' application?
Is Invesco reactivating its 'Invesco Galaxy bitcoin ETF' application?
CrystalPulse
Sat Jun 22 2024
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6 answers
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The financial community has been buzzing with speculation regarding Invesco's potential reactivation of its 'Invesco Galaxy Bitcoin ETF' application. Given the recent surge in demand for crypto-related investment vehicles, many investors are keenly awaiting any updates from the asset manager. Could you elaborate on the current status of this application? Has Invesco indicated any intention to revive its bitcoin ETF proposal? And if so, what are the potential implications for the cryptocurrency market and investors alike? Clarifying this matter would certainly provide valuable insight for those looking to capitalize on the growing crypto trend.
6 answers
Martino
Mon Jun 24 2024
The company has "reactivated" its application for the "Invesco Galaxy Bitcoin ETF."
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CryptoPioneer
Mon Jun 24 2024
As outlined in the recent filing, the proposed ETF intends to utilize "professional custodians and other service providers" to ensure the safe and secure handling of Bitcoin assets.
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MysticInfinity
Mon Jun 24 2024
The SEC had previously declined the application for a Bitcoin ETF in December 2021.
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GinsengBoostPowerBoostVitality
Mon Jun 24 2024
In October 2022, the regulatory agency once again rejected the same proposal, citing concerns regarding fraud and potential market manipulation.
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Michele
Mon Jun 24 2024
This approach aims to address the SEC's concerns regarding the safekeeping of cryptocurrency and demonstrate a commitment to robust compliance and transparency.
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