The Invesco Galaxy Bitcoin ETF (BTCO) is now listed on the DTCC website under “ETF Products.” However, this does not guarantee that the ETF will be approved.
The DTCC is a clearinghouse that provides services to the financial industry. It is responsible for settling transactions and ensuring that investors receive the securities they have purchased. The fact that the Invesco Galaxy Bitcoin ETF is listed on the DTCC website suggests that the DTCC is prepared to settle trades for the ETF. However, the ETF still needs to be approved by the Securities and Exchange Commission (SEC) before it can begin trading.
The SEC has been delaying its decision on a number of Bitcoin ETF applications, including the Invesco Galaxy Bitcoin ETF. It is unclear when the SEC will make a decision on these requests.
Some analysts believe that the fact that the Invesco Galaxy Bitcoin ETF is listed on the DTCC website is a positive sign and suggests that the SEC is more likely to approve the ETF. However, others believe that the listing on DTCC's website does not mean much and that the SEC will likely still delay its decision on the ETF.
Overall, it is still too early to say when the Invesco Galaxy Bitcoin ETF will be approved, if at all. However, the fact that the ETF is listed on the DTCC website is a positive sign and suggests that the ETF is one step closer to approval.
