May 19, 2024

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

The Invesco Galaxy Bitcoin ETF (BTCO) now appears on the clearing house’s site but doesn’t indicate an impending approval.

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

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

According to web archiver WayBack Machine, no listing under the ticker BTCO was present on Oct. 25 — meaning that the ETF has been added to the list sometime in the last six days. 

It is important to note that a ticker being added to the list of “ETF Products” on the DTCC site is by no means a guarantee of an approval of a given product in the future.

A DTCC spokesperson said it’s standard practice for it to add securities to the NSCC security eligibility file “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,” the spokesperson added.

This is a developing story, and further information will be added as it becomes available.

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