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Invesco Pulls Out of the Bitcoin ETF Race—for Now

·1 min read
Invesco Pulls Out of the Bitcoin ETF Race—for Now
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The Bitcoin ETF race just got a little less crowded. Invesco, which appeared just days away from launching an exchange-traded fund that would track Bitcoin futures, decided not to pursue its application on Monday. Invesco, which oversees $1.5 trillion in assets, was expected to be a major player in the market once its ETF launched.