Invesco Galaxy's Bitcoin ETF (BTCO), listed on DTCC yet to be approved by the SEC
A spokesperson from DTCC clarified that being on DTCC list does not guarantee approval from the SEC
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The Invesco Galaxy’s spot Bitcoin exchange-traded fund (ETF) has been listed on the Depository Trust and Clearing Corporation’s (DTCC) website under the ticker name BTCO. With this listing, Invesco Galaxy’s ETF has joined BlackRock on the DTCC site.
Invesco Galaxy is a digital asset investment manager and a subsidiary of Invesco Ltd., one of the world’s largest independent investment management firms. The Depository Trust and Clearing Corporation (DTCC) is a prominent post-trade settlement house, managing trillion dollars in securities transactions worldwide each day.
The date when the ticker was added to the DTCC list remains unclear. The web archiver Wayback Machine’s records show no listing under the ticker BTCO on Oct 25, indicating it must have been added after that date.
According to a DTCC spokesperson, it is standard practice for the DTCC to add securities to the National Securities Clearing Corporations’ (NSCC) security eligibility file “in preparation for the launch of a new ETF to the market.”
The NSCC is a clearing corporation that provides centralised clearing and settlement services to the financial industry. The NSCC security eligibility file is a list of all securities that are eligible for clearing and settlement through the NSCC.
