Investment management firm withdraws Bitcoin EFT

Investment management company Invesco Ltd has decided not to pursue Bitcoin futures trading.

Investment management company Invesco Ltd has decided not to pursue Bitcoin futures trading.
Invesco spokesperson said in a statement:
“We have decided not to pursue a Bitcoin futures ETF launch in the near term.”
The company also said that it will continue its Galaxy Digital partnership to offer various things to investors.
Invesco was the first company to apply for futures-based Bitcoin EFT.