According to Cointelegraph, Invesco and Galaxy's spot Bitcoin (BTC) exchange-traded fund (ETF) code BTCO appeared on the website of the Depository Trust and Clearing Corporation (DTCC). According to data from the web archiver WayBack Machine, there was no listing with the code BTCO on the DTCC website before October 25. It is worth noting that the appearance of a code in the list of "ETF products" on the DTCC website does not mean that a product will definitely be approved in the future. A DTCC spokesperson stated that adding securities to the NSCC securities qualification documents is a standard practice in preparation for the listing of new ETFs. The spokesperson added: "Appearance on the list does not mean the result of any pending regulatory or other approval process."