Institutional Players Apply for Bitcoin ETFs, Fueling Rally.
TL;DR
WisdomTree and Invesco have filed for spot Bitcoin exchange-traded funds (ETFs) in the US, following BlackRock's similar application last week. The ETFs aim to provide investors with exposure to the price movements of Bitcoin without requiring them to directly own and store the underlying asset. The SEC has repeatedly denied or postponed decisions on a physical Bitcoin ETF, raising concerns over the cryptocurrency's volatility and risk of market manipulation.
- WisdomTree, Invesco Follow BlackRock With Spot Bitcoin ETF Applications Decrypt
- Bitcoin Bonanza on Tap if BlackRock ETF Is Approved The Wall Street Journal
- Invesco Reapplies for Bitcoin ETF, Advocates for More Crypto Investment Products CoinDesk
- WisdomTree Files to Start a US Spot Bitcoin ETF on the Heels of BlackRock's Application Wealth Management
- Bitcoin Rally Only Getting Started As More Institutional Players Join The Game | Bitcoinist.com Bitcoinist
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