Invesco-Galaxy Bitcoin ETF ticker appears on DTCC

In a recent development, Invesco and Galaxy Digital, two prominent players in the investment world, have taken significant steps with their joint Bitcoin ETF application. BTCO, their proposed ticker, has been spotted on the Depository Trust and Clearing Corporation's (DTCC) website.

Timeline of Bitcoin

The crypto prices today started the month on a positive note, continuing its rally from October. The latest upward momentum in the crypto market has been in line with the “Uptober” sentiment, which is generally witnessed in the digital asset space.

Bitcoin price rallied throughout October 2023 with ETF Buzz, marking another profitable month for BTC holders. Now, the next halt is on the upcoming US Federal Reserve interest rate decision that can potentially make or break Bitcoin's price rally. In just 24 hours span, Bitcoin saw a modest 0.5% increase, now trading at $34,530.02.

A recent CoinShares report indicates that digital asset and crypto investment products experienced a notable surge in inflows last week, reaching their highest point since July 2022.

The UAE's crypto investors, according to a survey by KuCoin, are overwhelmingly in favor of Bitcoin, highlighting the need for trust, security, and crypto education, as well as a keen interest in blockchain and AI integration, indicating the country's potential as a crypto hub.

On the 15th anniversary of Satoshi Nakamoto publishing the Bitcoin white paper, Modern Consensus has gathered a selection of tributes – a mix of the poignant, the thought provoking and since SEC Chair Gensler felt the need to get in on the act, the clownish. Bitcoin Magazine One of the very first publications devoted to Bitcoin, it was co-founded in 2012 by a 17-year-old Vitalik Buterin, whose father had piqued his interest in the young technology the year before and who went on to invent Ethereum, announcing it in his own white paper in November 2013.

Gary Gensler, the Chair of the Securities and Exchange Commission (SEC), on Tuesday wished Satoshi Nakamoto, the pseudonymous creator of Bitcoin (CRYPTO: BTC) on the 15th anniversary of Bitcoin's white paper with a special tribute on Halloween. What Happened: Taking to X (formerly Twitter), Gensler pondered whether Nakamoto, the elusive figure behind Bitcoin, would choose to dress up as themselves for the occasion.

Often dismissed as coincidence, October has once again produced an upswing in the crypto market, with excitement around a potential U.S. spot Bitcoin ETF to thank for this year's ‘Uptober.'

The crypto world is abuzz as U.S. President Joe Biden's administration issues a game-changing executive order that could have far-reaching implications for the cryptocurrency market.

On October 31, 2008, an individual using the pseudonym Satoshi Nakamoto sent shockwaves through the world of finance by sharing the Bitcoin white paper with a select group of cryptographers. This document, titled “Bitcoin: A Peer-to-Peer Electronic Cash System,” outlined the foundation for what would become the world's first cryptocurrency.

With the US SEC opting not to appeal the Grayscale Investments case, amid ongoing application amendments, experts believe the approval of spot Bitcoin ETF is a matter of when and not if.