Though it doesn’t show an upcoming approval, the Invesco Galaxy Bitcoin ETF (BTCO) is currently visible on the clearing house’s website.
The Depository Trust and Clearing Corporation (DTCC) website now displays the ticker for Invesco and Galaxy’s spot Bitcoin (BTC) exchange-traded fund (ETF), or BTCO. This is a step ahead in the application process for the two asset managers.
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The online archiver WayBack Machine indicates that on October 25, there was no listing for the ETF under the ticker BTCO, indicating that it was added to the list within the past six days.
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A ticker published to the DTCC website’s “ETF Products” list does not imply the product will receive clearance in the future.
“In preparation for the launch of a new ETF to the market,” the DTCC regularly adds securities to the NSCC security eligibility list, according to a spokesman for the organisation.
The representative clarified, “Being listed is not indicative of an outcome for any outstanding regulatory or other approval processes.”
On June 21, the application for the joint spot Bitcoin ETF, which is handled by cryptocurrency asset fund Galaxy Digital and international investment firm Invesco, was renewed.
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The decision to re-file the application with the Securities and Exchange Commission was prompted by the financial behemoth BlackRock’s historic June 15 application for a spot Bitcoin ETF, which set off a tsunami of similar submissions for spot Bitcoin ETF products.
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