Invesco and Galaxy’s joint spot Bitcoin ETF added to DTCC’s site
The Invesco Galaxy Bitcoin ETF (BTCO) now appears on the clearing house’s site but doesn’t indicate an impending approval.
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The ticker for Invesco and Galaxy’s spot Bitcoin (BTC) exchange-traded fund (ETF) — BTCO — has appeared on the Depository Trust and Clearing Corporation’s (DTCC) website.
According to web archiver WayBack Machine, no listing under the ticker BTCO was present on Oct. 25 — meaning that the ETF has been added to the list sometime in the last six days.
It is important to note that a ticker being added to the list of “ETF Products” on the DTCC site is by no means a guarantee of an approval of a given product in the future.
A DTCC spokesperson said it’s standard practice for it to add securities to the NSCC security eligibility file “in preparation for the launch of a new ETF to the market.”
“Appearing on the list is not indicative of an outcome for any outstanding regulatory or other approval processes,” the spokesperson added.
This is a developing story, and further information will be added as it becomes available.
