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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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The bitcoin (BTC) spot exchange-traded fund (ETF) of the companies Invesco and Galaxy has been listed on the DTCC (Depository Trust & Clearing Corporation).
This can be seen in the following screenshot from the DTCC website. The fund is called the "Invesco Galaxy Bitcoin ETF" and is presented under the ticker symbol "BTCO."
With this initiative, expectations are being raised that this type of fund will be approved. "Multiple spot bitcoin ETFs will be coming sooner than you think," crypto trader Ash Crypto said.
It should be noted, however, that an ETF added to the DTCC's list is not a guarantee of its approval.
The DTCC is the organization in charge of clearing, settling and servicing securities in the U.S. market. Meanwhile, the body with the power to authorize ETFs is the U.S. Securities and Exchange Commission (SEC).
According to Bloomberg analysts, there is a 90% chance that the SEC will approve spot bitcoin ETFs no later than January because that is when the deadlines for it to give verdicts on some applications end.