Invesco Galaxy spot Bitcoin ETF joins BlackRock on the DTCC platform
Invesco and Galaxy's spot Bitcoin (BTC) exchange-traded fund (ETF) — BTCO — has appeared on the Depository Trust and Clearing Corporation (DTCC) website, marking a step forward in the application process for the two asset managers.
EFF has been added to the list since the web archive WayBack Machine showed no listing.
A symbol added to the list of “ETF Products” on the DTCC website is not a guarantee of the future validity of that product.
Adding securities to NSCC's security eligibility file is standard practice for DTCC, a DTCC spokesperson said in a statement.
The spokesperson added: “Appearance on the list does not indicate the outcome of any advanced regulatory or other approved procedures.
The application for the common space Bitcoin ETF managed by global investment firm Invesco and crypto asset fund Galaxy Digital was reactivated on June 21.
And now Invesco has reactivated their 19b-4 for their spot ETF https://t.co/D2zTpqrqJH
— Eric Balchunas (@EricBalchunas) June 20, 2023
The move to resubmit the application to the Securities and Exchange Commission comes amid a similar wave of filings for spot Bitcoin ETF products — investment giant BlackRock filed a spot application for a spot Bitcoin ETF on June 15.
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