Invesco in partnership with Galaxy Asset Management, announced the launch of the Invesco Galaxy Bitcoin ETF. BTCO invests directly in physical bitcoin to allow investors to access the performance of the market price of bitcoin, as measured by the Lukka Prime Bitcoin Reference Rate through an ETF structure to provide additional safeguards and ease of trading. BTCO begins trading on the Cboe BZX Exchange on January 11, removing many of the barriers to bitcoin investing.
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