1 year ago
The Invesco Galaxy Bitcoin ETF (BTCO) present appears connected the clearing house’s tract but doesn’t bespeak an impending approval.
The ticker for Invesco and Galaxy's spot Bitcoin (BTC) exchange-traded money (ETF) — BTCO — has appeared connected the Depository Trust and Clearing Corporation’s (DTCC) website.
Invesco's Galaxy spot Bitcoin ETF merchandise is listed connected the DTCC's site. Source: DTCCAccording to web archiver WayBack Machine, nary listing nether the ticker BTCO was contiguous connected Oct. 25 — meaning that the ETF has been added to the database sometime successful the past six days.
It is important to enactment that a ticker being added to the database of "ETF Products" connected the DTCC tract is by nary means a warrant of an support of a fixed merchandise successful the future.
A DTCC spokesperson said it’s modular practice for it to adhd securities to the NSCC information eligibility record “in mentation for the motorboat of a caller ETF to the market.”
“Appearing connected the database is not indicative of an result for immoderate outstanding regulatory oregon different support processes,” the spokesperson added.
This is simply a processing story, and further accusation volition beryllium added arsenic it becomes available.
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