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The BTCO ticker for Invesco and Galaxy’s Bitcoin (<a href="https://crypto.news/price/bitcoin/" data-type="link" data-id="https://crypto.news/price/bitcoin/">BTC</a>) ETF is now listed on the DTCC website, signaling progress in the application process for both firms. 
The ticker BTCO, representing the spot Bitcoin exchange-traded fund (<a href="https://crypto.news/tag/bitcoin-etf/" data-type="link" data-id="https://crypto.news/tag/bitcoin-etf/">ETF</a>) by Invesco and Galaxy, has appeared on the Depository Trust and Clearing Corporation’s (DTCC) website. It marks a significant milestone in the application process for the two asset management firms. 
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 <img decoding="async" loading="lazy" width="875" height="455" src="https://crypto.news/app/uploads/2023/11/F9z9ygtXAAAxhgg.png" alt="Invesco and Galaxy's spot Bitcoin ETF listed on DTCC site - 13" class="wp-image-14210858">
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 Invesco Galaxy Bitcoin ETF appears on DTCC website | Source: DTCC
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The listing was added within the last six days, as archival data from the WayBack Machine indicates no such <a href="https://web.archive.org/web/20231025072847/https://www.dtcc.com/charts/exchange-traded-funds" target="_blank" rel="noopener">listing </a>for BTCO as of Oct. 25. 
However, it’s crucial to note that a ticker’s presence on the DTCC’s list of “ETF Products” does not guarantee its future approval. 
A spokesperson for the DTCC <a href="https://www.reuters.com/business/finance/blackrocks-bitcoin-etf-added-dtcc-file-aug-dtcc-spokesperson-2023-10-24/" target="_blank" rel="noopener">clarified </a>on Oct. 25 that it is standard procedure for the corporation to add securities to the NSCC security eligibility file in anticipation of a new ETF’s market launch. 
The spokesperson also emphasized that being on the list does not predict the outcome of any pending regulatory or other approval processes. 
 You might also like: <a href="https://crypto.news/vaneck-submits-amended-bitcoin-etf-application-to-sec/"> VanEck submits amended Bitcoin ETF application to SEC </a> 
The joint spot Bitcoin ETF application by global investment firm <a href="https://crypto.news/invesco-submits-new-spot-bitcoin-etf-application/">Invesco and crypto asset fund Galaxy Digital</a> was reactivated on June 21. 
This decision to re-submit the application to the Securities and Exchange Commission (SEC) followed a surge in similar filings. The wave of applications was triggered by investment behemoth BlackRock, which submitted its landmark <a href="https://crypto.news/blackrock-nears-bitcoin-etf-filing-partnering-with-coinbase-custody/">application for a spot Bitcoin ETF</a> on June 15. 
Adding a layer of complexity, Bloomberg’s ETF analysts, as of Oct. 31, have not dismissed the possibility that SEC Chair Gary Gensler could <a href="https://crypto.news/bitcoin-etfs-could-face-rug-pull-from-gensler-analysts-say/">reject pending spot Bitcoin ETF</a> applications at the last minute. 
The analysts have been cautious about estimating the likelihood of approval, refraining from raising the odds above 90%. 
At the time of publication, BTC was valued at $34,388, marking a 0.2% decline for the day, a 0.80% weekly increase, and a 26% surge over the last month. 
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 <img decoding="async" loading="lazy" width="898" height="495" src="https://crypto.news/app/uploads/2023/11/BTC_1D_graph_coinmarketcap-4.png" alt="Invesco and Galaxy's spot Bitcoin ETF listed on DTCC site - 14" class="wp-image-14210852">
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 BTC 24-hr price chart | Source: CoinMarketCap
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</figure> 
 Read more: <a href="https://crypto.news/jpmorgan-foresees-lawsuits-for-sec-on-spot-bitcoin-etf-rejections/"> JPMorgan foresees lawsuits for SEC on spot Bitcoin ETF rejections </a>

Invesco and Galaxy’s spot Bitcoin ETF listed on DTCC site

crypto.news

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