Invesco Galaxy’s spot Bitcoin ETF (BTCO) ticket is now on display on the website of the Depository Trust & Clearing Corp. (DTCC). The discovery came after several crypto observers noticed the new listing on the DTCC site. However, it remains unclear when it exactly happened.
More ETFs Coming?
While DTCC listing is a positive indicator, it does not necessarily guarantee that the U.S. Securities and Exchange Commission (SEC) would approve a spot crypto product. “Appearing on the list is not indicative of an outcome for any outstanding regulatory or other approval processes,” a DTCC spokesperson emphasized.
However, some financial experts noted that DTCC typically adds securities to its list in preparation for their launch. Therefore, the listing has warmed up the optimism that future approval is imminent.
The hype surrounding spot Bitcoin ETF started building up in June this year after BlackRock’s filing news broke…
