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


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.