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GlobalX Joins Growing List Of U.S. Bitcoin ETF Hopefuls

From decrypt.co

Global X Digital Assets, a fund manager with $31 billion in assets under management (AUM), is the latest hopeful to file an application for a Bitcoin ETF with the U.S. Securities and Exchange Commission. GlobalX is a subsidiary of Seoul-based Mirae Asset Global Investments, a global investment manager with over $560 billion in AUM. A Bitcoin ETF, or exchange-traded fund, is designed to track the price of Bitcoin, granting institutional investors easy access to the underlying asset without requiring them to physically hold the cryptocurrency. If approved, the proposed Global X Bitcoin Trust—a statutory trust ... (full story)

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  • Category: Fundamental Analysis