The ticker for Invesco and Galaxy’s spot Bitcoin (BTC $34,408) exchange-traded fund (ETF) BTCO has appeared on the Depository Trust and Clearing Corporation’s (DTCC) website. This is expected to mark a step forward in the application process for the two asset managers, stated Cointelegraph.
It is believed that ETF has been added to the list sometime in the last six days as the web archiver WayBack Machine shows no listing under the ticker BTCO was present on October 25, 2023. A ticker is also expected to be added to the list of “ETF Products” on the DTCC’s site is not a guarantee of future approval for that product.
“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,” a DTCC spokesperson explained.
Furthermore, the application for the joint spot Bitcoin ETF managed by global investment firm Invesco and crypto asset fund Galaxy Digital was reactivated on June 21, 2023, Cointelegraph concluded.
(With insights from Cointelegraph)
