“Recently, the joint Bitcoin ETF fund of Invesco and Galaxy, known as Invesco Galaxy Bitcoin ETF (BTCO), unexpectedly appeared on the Depository Trust and Clearing Corporation (DTCC) website, the entity responsible for processing transactions for NASDAQ.
Before this, BlackRock’s iShares Bitcoin ETF was also added to DTCC’s list. This development has sparked excitement within the crypto community and led to Bitcoin’s price surging above the $35,000 mark, reaching $35,300.
As a result, the community hopes that the simultaneous listing of these ETFs on DTCC could inject new life into the entire industry and potentially create opportunities for regulatory approval of Bitcoin ETFs. However, a spokesperson from DTCC has emphasized that adding a token to the ‘ETF Product’ list on the DTCC website doesn’t guarantee the approval of a specific product in the future. Additionally, the standard practice is to add securities to the NSCC’s conditionally secure profile ‘in preparation for the launch of a new ETF fund into the market.’
Nevertheless, despite these statements, the community remains optimistic. Many experts predict that 2024 could be a year of significant growth, with several events on the horizon, including the Bitcoin halving and news related to Bitcoin Spot ETFs.