The code for the spot Bitcoin (BTC) exchange-traded fund (ETF) of Invesco and Galaxy, BTCO, has appeared on the website of the Depository Trust & Clearing Corporation (DTCC), signaling a step forward for the two asset management companies in the application process.

The ETF should have been added to the listing at some point in the past six days, as per the Wayback Machine, which shows that on October 25, there was no fund with the ticker symbol BTCO in the listing.

However, the addition of the ticker symbol to the "ETF Products" list on the DTCC website does not guarantee future approval of the product.

A DTCC spokesperson stated that this is standard practice for DTCC to add securities to the NSCC Securities Eligibility File "in preparation for the introduction of new ETFs to the market."

The spokesperson added, "Appearing on the list does not mean that pending regulatory outcomes have been completed, nor does it imply the completion of any other approval process."

The joint spot Bitcoin ETF application managed by global 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

On June 15, investment giant BlackRock submitted a milestone spot Bitcoin ETF application, sparking a wave of similar applications for spot Bitcoin ETF products.

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