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, marking a step ahead within the utility course of for the 2 asset managers.
The ETF has been added to the record someday within the final six days as the net archiver WayBack Machine exhibits no itemizing underneath the ticker BTCO was current on Oct. 25.
A ticker added to the record of “ETF Merchandise” on the DTCC’s web site isn’t a assure of future approval for that product.
A DTCC spokesperson mentioned it’s customary follow for the DTCC 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 isn’t indicative of an end result for any excellent regulatory or different approval processes,” the spokesperson added.
The applying for the joint spot Bitcoin ETF managed by world funding agency Invesco and crypto asset fund Galaxy Digital was reactivated on June 21.
And now Invesco has reactivated their 19b-4 for his or her spot ETF https://t.co/D2zTpqrqJH
— Eric Balchunas (@EricBalchunas) June 20, 2023
The transfer to re-lodge the appliance with the Securities and Alternate Fee got here amid a tidal wave of comparable filings for spot Bitcoin ETF merchandise — caused by funding large BlackRock lodging its landmark utility for a spot Bitcoin ETF on June 15.
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