ETF Ticker BTCO Appears on DTCC Website
The joint spot Bitcoin exchange-traded fund (ETF) by Invesco and Galaxy, with the ticker BTCO, has been added to the Depository Trust and Clearing Corporation's (DTCC) website. The ETF ticker was not listed on Oct. 25, indicating that it has been added in the past six days.
Listing on DTCC Site Does Not Guarantee Approval
While the addition of the ETF ticker to the DTCC's list of "ETF Products" is a significant development, it does not guarantee approval for the product in the future. The DTCC spokesperson emphasized that appearing on the list does not indicate an outcome for regulatory or other approval processes.
This is a developing story, and more information will be provided as it becomes available.
