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 accordance with internet archiver WayBack Machine, no itemizing beneath 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 be aware {that a} ticker being added to the record of “ETF Merchandise” on the DTCC web site is under no circumstances a assure of an approval of a given product sooner or later.
A DTCC spokesperson stated it’s commonplace observe 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 shouldn’t be indicative of an end result for any excellent regulatory or different approval processes,” the spokesperson added.
This can be a creating story, and additional data will probably be added because it turns into out there.
