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Invesco’s BTC Futures ETF is no more. It plans to launch a spot BTC ETF

. The company’s futures-backed Bitcoin ETF received approval from the SEC following approval for the ProShares product Invesco, a major investment management company with a presence in 20 countries, has chosen to halt its interest in launching a Bitcoin futures exchange-traded fund (ETF). According to a Bloomberg report, Invesco is no longer pursuing approval for…

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The company’s futures-backed Bitcoin ETF received approval from the SEC following approval for the ProShares product

Invesco, a major investment management company with a presence in 20 countries, has chosen to halt its interest in launching a Bitcoin futures exchange-traded fund (ETF).

According to a Bloomberg report, Invesco is no longer pursuing approval for its ETF from the US Securities and Exchanges Commission (SEC), with the company instead looking to file for a new product backed by actual BTC.

The firm’s turnaround comes as the investment community prepares for the launch of the ProShares Bitcoin Futures ETF. This ETF is the first to be backed by derivative contracts and will hit the US trading market.

The newly approved fund is set to go live on the New York Stock Exchange (NYSE) today, Tuesday 19 October.

Invesco turns attention to a physically-settled Bitcoin ETF

Invesco, a Atlanta-based company, has not disclosed the reasons for the withdrawal. However, a spokesperson for the company stated that there has been a change in direction regarding ETFs.

Invesco will continue its partnership with Mike Novogratz, Galaxy Digital, as part of its immediate plans. They recently formed a partnership that allows Invesco to offer several Bitcoin-related products for the growing crypto investor community.

We will continue to partner with Galaxy Digital to provide investors full shelf products with exposure to this transformative assets class, according to a spokesperson for Bloomberg.

Invesco plans to file for a spot Bitcoin Exchange Trade Fund (ETF) just days after Grayscale, a leading crypto asset manager, suggested a similar move. Grayscale hopes to get approval from the SEC to transform the Bitcoin Trust Fund (BTC) into a Bitcoin spot ETF, as reported by Monday.

Interest and excitement surrounding ETFs have contributed to the recent surge in Bitcoin prices. As of writing, BTC is trading around $62,190. According to data from CoinGecko, intraday action has seen BTC/USD shed some of the gains registered as the pair hit $63,432. 04, its highest price level in over six months.

The all-time high for Bitcoin is $64,805, recorded on 14 April 2021.

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Bitcoin

Bitcoin User Accidentally Hands Over $105,000 Fee on $10 Transaction

On Monday, a bitcoin user managed to send nearly an entire coin to miners by mistake—sending a 0.99 BTC fee on a simple $10 transfer to Kraken. The $10 That Cost a Fortune With the average high-priority bitcoin transaction fee sitting near $0.30 today, this unlucky user shelled out roughly 222,602 times more than necessary…
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Bitcoin

Vivek Ramaswamy-Backed Strive Expands Bitcoin Treasury to 7,525 Coins

Vivek Ramaswamy-backed Strive has expanded its bitcoin treasury, acquiring 1,567 bitcoin at an average price of $103,315, bringing its total holdings to 7,525 BTC as of Nov. 10, 2025. The company’s aggressive accumulation comes alongside its Nasdaq listing of SATA, a variable-rate perpetual preferred stock designed to amplify its bitcoin exposure…
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Bitcoin

Germany’s AfD party proposes Bitcoin as strategic asset

The AfD party is urging Germany to treat Bitcoin as a strategic national asset. The AfD Bitcoin reserve motion seeks MiCA exemption and clear, favorable tax rules. AfD is pushing Bitcoin as “state-free money” to boost sovereignty. Germany’s Alternative for Germany (AfD) party has put forward a parliamentary motion urging the government to recognize Bitcoin…


Germany's AfD party proposes Bitcoin as strategic asset

  • The AfD party is urging Germany to treat Bitcoin as a strategic national asset.
  • The AfD Bitcoin reserve motion seeks MiCA exemption and clear, favorable tax rules.
  • AfD is pushing Bitcoin as “state-free money” to boost sovereignty.

Germany’s Alternative for Germany (AfD) party has put forward a parliamentary motion urging the government to recognize Bitcoin as a strategic asset.

The short, forceful proposal argues Bitcoin deserves distinct treatment from other crypto-assets and calls for tax and regulatory relief to bolster innovation and national sovereignty.

The Bitcoin strategic reserve motion by AfD

The AfD motion urges lawmakers to treat Bitcoin differently from tokens and stablecoins covered by the EU’s Markets in Crypto-Assets (MiCA) framework.

It argues Bitcoin’s decentralised design and fixed supply make it a unique form of digital value that should not be shoehorned into rules intended for centrally issued crypto instruments.

The party explicitly proposes that the government consider accumulating Bitcoin within national reserves as a hedge against inflation and currency volatility.

A central demand in the motion is tax certainty.

AfD lawmakers want to preserve the existing 12-month holding exemption for private capital gains and maintain Bitcoin’s exemption from VAT.

They also call for private mining and running Lightning Network nodes to be clearly classified as non-commercial activities, reducing administrative burdens for individual participants.

The motion stresses the right to self-custody and warns that legal uncertainty deters long-term private investment.

AfD frames the proposal as part of a broader defence of digital sovereignty.

The party opposes a European digital euro and portrays Bitcoin as “state-free money” that can protect liberties and reduce dependence on centrally issued currency instruments.

The motion arrives amid debate over Germany’s decision in mid-2024 to sell nearly 50,000 BTC seized from criminal proceedings — an action AfD and others now characterise as a policy mistake given subsequent price movements.

The proposal argues that heavy-handed national implementation of MiCA risks capital flight and diminishes Germany’s standing in blockchain innovation.

AfD lawmakers say excessive rules will push firms and talent to friendlier jurisdictions, eroding competitiveness in a field with rapidly evolving technology and commercial models.

AfD also highlights potential synergies between Bitcoin and energy policy.

The motion suggests that productive uses of excess renewable supply — including mining — could create a technological and economic fit between Germany’s energy transition and the Bitcoin network.

The party frames state accumulation of Bitcoin as a prudent diversification of reserve assets, drawing parallels to moves and proposals in other European countries that have discussed or adopted similar approaches.

Beyond urging a strategic statement from the federal government, the motion seeks concrete commitments: keep tax advantages intact, exempt certain private operations from commercial classification, enshrine self-custody rights, and open study of Bitcoin’s role in reserves and energy integration.

AfD wants the Bundestag to formally recognise Bitcoin’s distinct status and to restrain national rule-making that would extend MiCA beyond its intended scope.

The reaction from the public

Supporters in crypto circles welcomed the proposal as a sign that mainstream political debate is shifting away from dismissive tropes about digital currencies.

Critics, however, worry the plan could politicise reserve policy or clash with EU regulatory intent.

Observers note that Germany occupies an outsized spot in Europe’s economy, so any move to treat Bitcoin strategically would reverberate across markets and policy debates.

As Bundestag review AfD’s motions and the larger question of how national policy should sit alongside EU rules, whether the proposal gains traction depends on cross-party calculation about economic benefits, sovereign risk, and regulatory coherence.


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