The ETF craze started by BlackRock in June has grown and resulted in many companies applying for spot Bitcoin ETFs.
One of these companies was Invesco, a global investment management company.
The company, which has $1.49 trillion under management, re-applied for a spot Bitcoin exchange-traded fund (ETF) on June 21.
Invesco has now filed for a spot Ethereum ETF.
Bloomberg analyst James Seyffart wrote in his post that Invesco and Galaxy have applied for spot ETF.
“Invesco and Galaxy filed 19b-4 for spot Ethereum ETFs through the CBOE.
The deadline here is unknown for now, but it is likely to be around the first week of July.”
OKAY. @InvescoUS & @galaxyhq have now filed their 19b-4 via @CBOE for their spot #ethereum ETF. Final deadline here is unknown for now but likely to be somewhere around the first week of July. https://t.co/5Tn8KfLSww pic.twitter.com/iydLBAHKmE
— James Seyffart (@JSeyff) October 20, 2023
Apart from Invesco, ARK Invest also applied for Ethereum Spot ETF. ARK Invest had partnered with 21Shares, a leading ETF provider, to launch the spot Ethereum ETF.
*Not investment advice
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Source: https://en.bitcoinsistemi.com/another-trillion-dollar-company-applies-for-spot-ethereum-etf/