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Invesco Drops Pursuit of Bitcoin Futures ETF Filing Before Debut

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Photographer: Michael Nagle/Bloomberg

Invesco Ltd. has dropped its pursuit of a futures-backed Bitcoin exchange-traded fund hours before the first such product is set to launch on a U.S. exchange. 

“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,” an Invesco spokesperson said in a statement.