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Invesco: ‘Grayscale ruling is a significant milestone’ for bitcoin ETF prospects

The $1.5tn firm is among a handful of asset managers that have applications for spot bitcoin ETFs awaiting approval

By David Ricketts
Invesco is among several firms, including BlackRock, Fidelity, WisdomTree and VanEck, who have lodged applications for spot bitcoin ETFs
Invesco is among several firms, including BlackRock, Fidelity, WisdomTree and VanEck, who have lodged applications for spot bitcoin ETFs Photo: Bloomberg via Getty Images

Invesco’s global head of exchange traded funds says a ruling that the US regulator was wrong to reject a spot bitcoin ETF application by a rival asset manager marks a “significant milestone” in the push among asset managers to launch crypto products.

The $1.5tn Atlanta-headquartered firm is among a handful of asset managers that have applications for spot bitcoin ETFs awaiting approval from the Securities and Exchange Commission.

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