Another ETF's Ticker got Listed on DTCC

[Faisal2202]

Just now, another BTC ETF ticker got listed on the DTCC website. This ticker belongs to "INVESCO GALAXY BITCOIN ETF COM SHS B" Well according to the news, it might have been listed a few days back and we (the crypto community) came to know about it in the previous 1 or 2 days. And if you visit the source then you will find that Invesco applied for the ETF (21 June) just after 6 days of applying for ETF by Blockrock (15 June).

source

Overall I think it is bullish news even though there is not that much hype about this listing of ETF as news outlets said it might be listed for a few days but it is confirmed by them that it was not listed on the website till 25 October.

Well, let's see how this news turns up to be beneficial for the market but I don't think it will have any good impact because most people know the name of astronaut who stepped first on the moon and they don't know about the second or third astronaut. 

https://www.binance.com/en-ZA/feed/post/1588263

[TheUltraElite]

Price has been on the uptrend and we can assume that it has been due to the recent and working ETF craze, back when this happened a few years back this was not prominent because the idea did not go into realization.

Mainstream investors will love this and will be putting in a lot of money on the markets through the ETFs. Get ready for some crazy movements and price changes. With more such ETFs coming in I am sure some people will get scammed by fake and shady ones but that is all part of the craze.

It will be interesting to see how the things settle once the intro-hype ends.

[Odohu]

This is a pointer that we might have multiple ETF approvals soon. Even though many people will see this from the angle of market manipulation, I don't see it that way and I feel this is not mere coincidence... there should be something going on behind the scene.

Whatever it is, I know its for good as far as Bitcoin is concerned. Our focus should be on how to ensure we secured as much Bitcoin as we can before these approvals starts kicking in.

[franky1]

though not a sign of actual sec acceptance. the entire speculative market are seeing that serious candidates are interested in/trying to get bitcoin exposure and its not a simple currency for nerds and technofans. (many novice investors thought its just for computer nerds)

adding more institutions to the list of possible lineup of an accepted application makes the chance of ANY ETF happening more promising

so there is more confidence of an(y) ETF happening no matter who manages it

[Don Pedro Dinero]

In any case, it does not seem to have affected the price much, which has fallen by 0.7% in the last 24 hours, within normal volatility, even low for bitcoin. I believe that ETF approvals are already discounted in many cases by the market, and what will happen with the news of the effective approval is that many large investors will fleece retail investors who will buy for FOMO and sell in the fall.

[DaveF]

It's the through enough at the wall and something will stick mentality.
ETFs keep trying and sooner or later one is going to get approved and sell like mad, which in *theory* will drive up the price of BTC.
Which ones will matter and which ones won't is probably a more interesting discussion.
Everyone knows the BlackRock name, but does anyone care?

Or will it be a smaller ETF from some smaller place that people feel more comfortable with?

-Dave

[Wakhid Mukti]

It seems like DTCC always lists or records every ETF application that goes to the SEC, in my opinion this is like a notification that there will be a new ETF that will later be traded. However, please note that the listing carried out by DTCC does not necessarily mean that its ETF application will be approved by the SEC. There are still 2 possibilities, namely accepted or rejected.

[DeathAngel]

Hopefully we are lining up for something that has not happened yet in bitcoin’s lifetime, mass institutional inflows of big money. If the SEC approves one spot etf then the likelihood is they will have to approve multiple to show there is no conflict of interest. Buckle up because we could be set for explosive upwards moves.

[hugeblack]

Personally, I see that all discussions about ETFs are based on analyzes and most of them are to attract views without having a realistic impact on the SEC’s decision, so I stay away from any news or clicking on links. It’s all for two months and we will see if they are right or not. In short, it is a prongda to attract more free views and I hope it stops. News and analysis on this matter, especially since most of us do not have much information about SEC decisions and how we can influence them.

[Hamza2424]

I've seen this news but it seems like it is not as impactful as the previous one, the market is continuously ignoring this development. The ticker listing is not a big deal, now for what we are waiting for is the real announcement of the ETF approval which will be a piece of good news, Gray recently changed his attitude against Bitcoin, I was reading a couple of his tweets and it was worth noticing that, he had changed his -ve attitude about Bitcoin, from a recent times developments.

Probably he'll be accumulating Bitcoin as well  . Still own some grudges about crypto industry institutes not sure why and for how long it will last.

[Faisal2202]

Personally, I see that all discussions about ETFs are based on analyzes and most of them are to attract views without having a realistic impact on the SEC’s decision, so I stay away from any news or clicking on links. It’s all for two months and we will see if they are right or not. In short, it is a prongda to attract more free views and I hope it stops. News and analysis on this matter, especially since most of us do not have much information about SEC decisions and how we can influence them.

You have a valid point, but I don't think it would be wise to ignore such news because this is the time to analyze the market and make use of it. I don't know how true this is, but many investors are considering it an accumulation month. If that is true, then we might see some ups and downs, and all of those ups and downs will be to manipulate the market to fill up bags with some extra satoshies (buying low).

Overall, you said what DTCC already stated: that listing a ticker on the list does not mean that it will be approved. And to be honest, I am also very frustrated by listening to the word "ETF." I mean, we should start to call it something else, maybe a funny name.

Hopefully we are lining up for something that has not happened yet in bitcoin’s lifetime, mass institutional inflows of big money. If the SEC approves one spot etf then the likelihood is they will have to approve multiple to show there is no conflict of interest. Buckle up because we could be set for explosive upwards moves.

You are right, who know how many tickers of BTC ETF we are going to see this month on the DTCC list but that does not meant that they are going to approve it and it have written on there disclaimer pdf.

[Baofeng]

And just like that, the price goes up again above $35k just like the last time when we have the ETF being listed on DTCC. So the question again arises, is this for real or sign that we will eventually get the ETF or just another manipulation and test from some entities behind to see the reaction of the investors again?

For us though as we have seen the effects, are we going to be riding on the hype again?

So let's wait for a couple of days an see where this things are going to be. If it is for real or not, it seems that it did have another significant effect and maybe this time we will see the price climbing as high as $36-$38k.

[tabas]

Could be the reason why we've seen the push went to $35k just this day.

So let's wait for a couple of days an see where this things are going to be. If it is for real or not, it seems that it did have another significant effect and maybe this time we will see the price climbing as high as $36-$38k.

I hope that they're for real and these tickers are definitely the Bitcoin ETFs filed by these institutions that have been approved by the SEC. We already see the good effect of it to the price of Bitcoin and it is making me more optimistic that there's more to this and all we have to do is wait maybe before the halving and let it go if it comes after it.

[dothebeats]

Tbh I'm not entirely sure what Invesco Galaxy or Alerian for that matter. They might have filed for an ETF, but to me it still doesn't mean anything unless it's accepted and confirmed by the SEC. The thing is, people have picked up this update and the price suddenly went bullish. We are yet to see one ETF being accepted in the open by the SEC, so at of this point there's nothing but empty promises for this to come into fruition.

[hd49728]

Just now, another BTC ETF ticker got listed on the DTCC website. This ticker belongs to "INVESCO GALAXY BITCOIN ETF COM SHS B"

It is another method to manipulate the market in short term. In long term, we don't have to mind about those tickers because Bitcoin Spot ETFs in the USA. is a matter of time. SEC will have to approve Bitcoin Spot ETF applications in the USA because it is not logic to approve Bitcoin Futures ETFs but don't do the same for Bitcoin Spot ETFs.

We know a fact that Futures is more risky than Spot, we all know about that, SEC know about that. They only try to delay their approval for a first Bitcoin Spot ETF maybe because of Gensler or Gensler is only a person who is in charge of executing the task from a higher position person.

[TravelMug]

I've seen this news but it seems like it is not as impactful as the previous one, the market is continuously ignoring this development. The ticker listing is not a big deal, now for what we are waiting for is the real announcement of the ETF approval which will be a piece of good news, Gray recently changed his attitude against Bitcoin, I was reading a couple of his tweets and it was worth noticing that, he had changed his -ve attitude about Bitcoin, from a recent times developments.

Probably he'll be accumulating Bitcoin as well  . Still own some grudges about crypto industry institutes not sure why and for how long it will last.

Perhaps the market has reacted already, or it is price in as we are just above $35k after this news has been released (again). It could still be a big deal for others who are just waiting for any news that will trigger the price going up again.

Nevertheless we all know that this is not the final and just like the first one, anytime they can removed this ticket and then simply apologized to the investors for the supposedly "Honest mistake". I don't think that it's enough to trigger the market to reach $38k.

[CarnagexD]

This is a pointer that we might have multiple ETF approvals soon. Even though many people will see this from the angle of market manipulation, I don't see it that way and I feel this is not mere coincidence... there should be something going on behind the scene.

Whatever it is, I know its for good as far as Bitcoin is concerned. Our focus should be on how to ensure we secured as much Bitcoin as we can before these approvals starts kicking in.

That's cause you haven't been affected by the market manipulation yet so you're not yet ready to accept that there's going to be a market manipulation, BlackRock should've ticked off the warning signs that the possibility of market manipulation is going higher because BlackRock is an influential company and knows how to make the market move to their favor I am sure that we would see it soon but for now, I guess we just have to watch out.

[ImThour]

It's going to be all bullish news now, as I have expected the Price to soon reach the $40k mark. The previous two weeks' candles are so freaking bullish and there is no way this trend gets stopped now. Also in 6 months, we are going to have another Bitcoin Halving so we all know what's about to happen. Happy for all of us who bought more instead of selling in November 2022.

Can't wait to hit my target price of $178k in November, 2025.

[Poker Player]

It's going to be all bullish news now, as I have expected the Price to soon reach the $40k mark. The previous two weeks' candles are so freaking bullish and there is no way this trend gets stopped now. Also in 6 months, we are going to have another Bitcoin Halving so we all know what's about to happen. Happy for all of us who bought more instead of selling in November 2022.

Can't wait to hit my target price of $178k in November, 2025.

Yeah, well, never forget that there's life outside of the candles, you know? That said, I agree on the general reading, if we don't have any real life events that negatively affect the price, it looks like the next few months are going to be bullish, although a repeat of the regularity of past cycles would push the price up to $50K or $50-something at best before halving.

[adaseb]

From all the research I did last time DTCC listed the blackrock ticker, it doesn’t mean it’s a guaranteed listing. Some guy who claims to worked on Wall Street for years says it doesn’t mean it will necessarily get listed, doesn’t mean it’ll not get listed however.

Today we got a new high and it was hours after they listed the ticker on DTCC which provides more proof that there is some other reason why Bitcoin and other cryptos are pumping. Especially Solana which had a 20% day and it’s higher than it was during the Ftx crash.