-
Global X Pulls Spot Bitcoin ETF Application
Global X, the thematic-focused ETF issuer with $42 billion in 108 funds, pulled its plan to launch a spot bitcoin ETF as the field for the new fund shows signs of getting crowded and the pace of inflows slows. The CBOE BZX Exchange, where the fund would have listed, filed on Jan. 30 a notice to officially withdraw the fund. While Global X sought approval for its Global X Bitcoin Trust back in 2021, it wasn’t among the 11 spot bitcoin ETFs that began trading Jan. 11, the day after the SEC approved them following more than a decade since the first spot bitcoin ETF application was submitted. While the funds quickly ... (full story)