Crypto Investment Products Surge with New Bitcoin ETF Filings and Market Launches

Invesco has reapplied for a spot bitcoin ETF, arguing that the lack of such a product pushes investors towards riskier alternatives. The investment management company emphasized the need for investor protection and a surveillance-sharing agreement with a significant, regulated market to reduce the potential for market manipulation. BlackRock has also advocated for the same thing, suggesting Nasdaq could fill this role. The SEC has not given any indication as to when it plans to make an announcement regarding a bitcoin ETF.