Invesco updates Bitcoin ETF S-1, commits to cash-settled launch.

Jafar224

Bloomberg ETF analyst Eric Balchunas stated that, based on the recently updated S-1 form submitted by Invesco to the U.S. Securities and Exchange Commission (SEC), Invesco commits to launching a Bitcoin ETF that is only cash-settled. This significant indication suggests that the SEC is persisting in allowing only cash-settled ETFs at the time of initial issuance (consistent with feedback received through our channels). Nevertheless, many are still waiting to see if BlackRock can influence the SEC in terms of physically-backed ETFs.

Isha000

It's uncertain whether they can fulfill the commitment.

Shri

This ETF is also worth keeping an eye on.

Samiksha

Today's commitment might be invalidated tomorrow.

Ritu77

A commitment is a commitment, but what will actually be launched remains to be seen.