Invesco Drops Efforts to Launch Bitcoin Futures ETF

Invesco Drops Efforts to Launch Bitcoin Futures ETF
Would-be bitcoin exchange-traded fund (ETF) issuer Invesco is pulling out of the race to issue a bitcoin futures product.The company said Monday that it would no longer attempt to launch an ETF linked to bitcoin futures, a day before a competing product by fellow issuer ProShares begins trading.The company could not immediately be reached for comment. However, a spokesperson told Bloomberg in a statement that it would continue efforts to launch a physical bitcoin ETF.“We have determined not to pursue the launch of a Bitcoin futures ETF in the immediate near-term; however we will continue to work in partnership with…