Invesco and Galaxy's Bitcoin ETF Ticker Appears on DTCC Website
Summary:
The Depository Trust and Clearing Corporation (DTCC) website has newly listed a ticker for the Invesco and Galaxy's Bitcoin (BTC) spot exchange-traded fund (ETF) - BTCO. Although this listing represents a stage in the process of launching a new ETF, it does not necessarily imply that regulatory approval will be granted. More information will be shared as it becomes available.
The Depository Trust and Clearing Corporation (DTCC) website now lists a ticker for Invesco and Galaxy's Bitcoin (BTC) spot exchange-traded fund (ETF), known as BTCO. Invesco's Galaxy Bitcoin ETF product can also be seen on the DTCC site. A comparison with archived info from web archiver WayBack Machine indicates that the ticker BTCO is a new addition since October 25th, appearing on the list within the past six days. However, the inclusion of a ticker on the DTCC site's "ETF Products" list does not guarantee future approval for the security represented by that ticker. A DTCC representative explained that the organization commonly adds securities to NSCC security eligibility file as standard pre-launch preparation for new ETFs. They stressed that being listed does not hint at any outcomes regarding pending approval processes, regulatory or otherwise. As more details unfold about this situation, updates will be provided.
Published At
11/1/2023 1:04:25 AM
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