Galaxy Digital Holdings, Invesco Launch Spot-Bitcoin ETF
11 January 2024 - 11:52PM
Dow Jones News
By Adriano Marchese
Galaxy Digital Holdings and Invesco said they have launched a
bitcoin-focused exchange-traded fund which gives investors access
to the cyrptocurrency's market price.
The digital-assets and blockchain company in partnership with
the ETF provider said Thursday that they have launched the Invesco
Galaxy Bitcoin ETF on the Cboe BZX Exchange.
The news follows the approval by the U.S. Securities and
Exchange Commission, which voted on Wednesday to allow mainstream
investors to buy and sell bitcoin as easily as stocks and mutual
funds.
The companies said that by purchasing bitcoin through an
established financial vehicle, the more difficult operational
aspects of spot bitcoin are avoided, such as custodial duties and
storage wallets to keep assets secure.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
January 11, 2024 07:37 ET (12:37 GMT)
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