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) web site.
In keeping with net archiver WayBack Machine, no itemizing below the ticker BTCO was current on Oct. 25 — that means that the ETF has been added to the checklist someday within the final six days.
It is very important be aware {that a} ticker being added to the checklist of "ETF Merchandise" on the DTCC website is certainly not a assure of an approval of a given product sooner or later.
A DTCC spokesperson said it’s standard practice 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 checklist isn't indicative of an consequence for any excellent regulatory or different approval processes,” the spokesperson added.
This can be a growing story, and additional data might be added because it turns into accessible.
