Two other asset managers apply for the introduction of a BTC ETF in the USA

Two other asset managers apply for the introduction of a BTC ETF in the USA

Investco-An American investment company with an administrated assets of over $ 1.4 trillion-reactivated his attempts to put on a listed Bitcoin Spot Fund (ETF) in the United States. Wisdomtree-another US financial giant-submitted a similar application to the Sec.

The latest efforts take place a few days after the world's largest asset manager has applied for the introduction of a BTC-Spot ETF in the USA.

Invalco takes part in the race

Eric Balchunas-Analyst at Bloomberg Intelligence- revealed on his Twitter account, he announced that Investco had renewed his ambitions to introduce a BTC sports ETF in the United States. The company was the first application of the company in 2021 when it worked with Galaxy Digital.

Investco was also interested in the publication of a Bitcoin Futures ETF. Nevertheless, it is These intentions are abandoned at the end of 2021 in order to concentrate on a product that enables customers to invest in primary cryptocurrency based on their actual market price.

Although the investment company is still waiting for a positive consent of the US stock exchange supervision SEC, it has already introduced this spreserver-spaces = "true"> . The "Investco Physical Bitcoin" ETN (ticker: Btic) was created after a collaboration with the German Stock Exchange and offers "physically secure access" for the performance of Bitcoin, but as derivative.

The efforts of Wisdomtree

also the company based in New York Searched Permission of the SEC, a BTC Spot ETF. If the official approval is granted, the fund will be noted at the CBOE BZX Exchange under the Ticker Symbol BTCW.

The supervisory authority previously attempted to publish a BTC ETF, referred to possible risks for consumers such as fraud and market manipulation.

according to Eric Balchunas and James Seyffart (another analyst at Bloomberg Intelligence), Blackrock's submission from last week "restored the hope of admission" thanks to the size, stature and reputation of the company.

"Anyone who has made an application will submit it again, and those who have thought about it will soon want to apply," predicted Dave Abner, director of the crypto consulting company Dabner Capital Partners.

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