The ETF was added to the list within the last six days, as there was no listing under the ticker BTCO on Oct. 25, according to the web archiver WayBack Machine.
However, being included on the list of “ETF Products” on the DTCC’s site does not guarantee future approval for the product.
A spokesperson from the DTCC stated that it is customary for the organization to add securities to the NSCC security eligibility file “to prepare for the launch of a new ETF in the market.”
The spokesperson added, “Appearing on the list does not imply an outcome for any pending regulatory or approval processes.”
The application for the joint spot Bitcoin ETF managed by 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
This decision to resubmit the application to the Securities and Exchange Commission (SEC) followed a surge of similar filings for spot Bitcoin ETFs, prompted by investment giant BlackRock’s groundbreaking application on June 15.
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