Home Bitcoin Invesco and Galaxy’s joint spot Bitcoin ETF added to DTCC’s web site

Invesco and Galaxy’s joint spot Bitcoin ETF added to DTCC’s web site

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Invesco and Galaxy’s joint spot Bitcoin ETF added to DTCC’s web site

The ticker for Invesco and Galaxy’s spot Bitcoin (BTC) exchange-traded fund (ETF) — BTCO — has appeared on the Depository Belief and Clearing Company’s (DTCC) website. 

Invesco’s Galaxy spot Bitcoin ETF product is listed on the DTCC’s web site. Supply: DTCC

Based on net archiver WayBack Machine, no itemizing underneath the ticker BTCO was current on Oct. 25 — which means that the ETF has been added to the record someday within the final six days. 

It is very important word {that a} ticker being added to the record of “ETF Merchandise” on the DTCC web site is in no way a assure of an approval of a given product sooner or later.

A DTCC spokesperson stated it’s commonplace apply for it so as to add securities to the NSCC safety eligibility file “in preparation for the launch of a brand new ETF to the market.”

“Showing on the record is just not indicative of an end result for any excellent regulatory or different approval processes,” the spokesperson added.

It is a creating story, and additional info will likely be added because it turns into out there.

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