There is no sign of imminent clearance, but the Invesco Galaxy Bitcoin ETF (BTCO) is currently listed on the clearing house’s website.
The Depository Trust and Clearing Corporation (DTCC) now lists the ticker BTCO for the spot Bitcoin exchange-traded fund (ETF) that is being developed by Invesco and Galaxy.
Web archiver WayBack Machine reveals no entry under the ticker BTCO was there on Oct. 25, indicating the ETF was added to the list anytime during the recent six days.
A product’s name being added to the DTCC’s list of “ETF Products” does not mean that it will be approved in the future.
Adding securities to the NSCC security eligibility list is “standard practice” for the DTCC, according to a spokesman, who added that this was done “in preparation for the launch of a new ETF to the market.”
The representative also said, “Appearing on the list does not mean that any remaining regulatory or other approval processes have been completed.”
On June 21st, the joint spot Bitcoin ETF application between Invesco, a worldwide investment management business, and Galaxy Digital, a fund that invests in digital assets, was reopened.
The application was resubmitted to the SEC after a flurry of similar submissions for spot Bitcoin ETF products, sparked by the June 15 submission of a groundbreaking application for a spot Bitcoin ETF by investing behemoth BlackRock.
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