Hours before the first Bitcoin Futures ETF is anticipated to start trading on the New York Stock Exchange (NYSE), Invesco has reportedly dropped its plans to launch a similar product.
- “We have determined not to pursue the launch of a Bitcoin futures ETF in the immediate near-term; however we will continue to work in partnership with Galaxy Digital to offer investors full shelf of products with exposure to this transformative asset class, including pursuing a physically-backed, digital asset ETF.”