Ticker for Invesco and Galaxy’s Bitcoin ETF Spotted on DTCC Website
The ticker for the Invesco and Galaxy spot Bitcoin exchange-traded fund (ETF), BTCO, has been listed on the Depository Trust and Clearing Corporation’s (DTCC) website. This listing was not present on October 25, indicating that it has been added within the last six days. However, it is important to note that being listed on the DTCC site does not guarantee approval for the product in the future.
A spokesperson from DTCC mentioned that adding securities to the NSCC security eligibility file is a standard practice done in preparation for launching a new ETF. The spokesperson clarified that appearing on the list does not indicate the outcome of any regulatory or approval processes.
Hot Take: Potential Approval for Invesco and Galaxy’s Bitcoin ETF
The appearance of the BTCO ticker on the DTCC website suggests progress towards potential approval for Invesco and Galaxy’s Bitcoin ETF. While this listing alone does not guarantee approval, it signifies a step forward in the process. Investors and crypto enthusiasts will be eagerly watching for updates on regulatory and approval processes in relation to this ETF.
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