π The ticker for Invesco and Galaxy’s spot Bitcoin ETF, BTCO, has appeared on the DTCC’s website, signifying progress in the application process for the two asset managers.
π The ETF was recently added to the list of “ETF Products” on the DTCC’s site, indicating that it is being prepared for launch in the market. However, this does not guarantee approval for the product.
πΌ Invesco and Galaxy Digital submitted the application for their joint spot Bitcoin ETF in June, following a wave of similar filings prompted by BlackRock’s application for a spot Bitcoin ETF.
πΈ The US commodities regulator, CFTC, has paid $16 million to whistleblowers this year, with the majority of tips related to crypto. Commissioner Christy Goldsmith Romero emphasized the importance of whistleblowers in combating fraud and protecting customers and markets.
π° The CFTC has distributed nearly $350 million to whistleblowers since 2014, resulting in over $3 billion in enforcement sanctions. They have been successful in prosecuting fraud cases in the crypto industry, including a record $3.4-billion penalty payment in April.
π Romero has stressed the need for stronger identity verification measures in the cryptocurrency market to prevent illicit finance and safeguard market integrity, national security, and financial stability.