Following BlackRock's recent spot Bitcoin ETF application, another major player, INVESCO & Galaxy, has now added their spot Bitcoin ETF (BTCO) to the DTCC list. The Depository Trust & Clearing Corporation (DTCC), a key player in the American ETF market, holds significant influence over the approval and execution of ETF transactions. With both applications currently on the DTCC list, the spotlight remains on the Securities and Exchange Commission (SEC) for future regulatory approvals. While being listed on the DTCC is a critical step in the ETF launch process, it doesn't guarantee success in the subsequent regulatory hurdles. Investors and market enthusiasts eagerly await further updates on the fate of these promising Bitcoin ETF applications.
