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Potential Contenders for Spot Bitcoin ETF Sponsorship Following Bitwise and VanEck

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ProShares

ProShares is a major ETF issuer with a history of success in launching innovative products. The firm is known for its expertise in alternative investments and has a proven track record of success in the cryptocurrency market. In 2018, ProShares launched the first bitcoin futures ETF in the United States.

Invesco

Invesco is a global investment management firm with over $1.4 trillion in assets under management. The firm has a strong track record of success in ETFs and is one of the largest ETF issuers in the United States. Invesco has also been active in the cryptocurrency market, launching a Bitcoin exchange-traded product in Europe in 2021.

Grayscale

Grayscale is the world’s largest digital currency asset manager with over $40 billion in assets under management. The firm offers a variety of cryptocurrency investment products, including the Grayscale Bitcoin Trust. Grayscale has been a vocal advocate for a spot Bitcoin ETF and recently launched a campaign to encourage the SEC to approve such an ETF.

Coinbase

Coinbase is one of the world’s largest cryptocurrency exchanges. The firm offers a variety of cryptocurrency services, including trading, custody, and staking. Coinbase has also been active in the ETF market, launching a Bitcoin futures ETF in Canada in 2021.

Fidelity

Fidelity is a major financial services firm with over $4.5 trillion in assets under management. The firm offers a wide range of investment products and services, including ETFs. Fidelity has also been active in the cryptocurrency market, launching a Bitcoin mining service in 2022.

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