ETF provider Global X has withdrawn its application for a spot Bitcoin (BTC) exchange-traded fund (ETF).
By US-based exchange Cboe BZX 30 January In the statement made on the day, it was stated that the company manages 40 billion dollars. Global X withdraws spot Bitcoin ETF application place was given. Cboe, which made a statement with reference to the statement sent through the US Securities and Exchange Commission (SEC), did not share further details on the subject.
Global 2022 He applied for a spot Bitcoin ETF in 2018, but this application was unsuccessful. was turned down by the SEC. If the application was approved, the ETF in question would be listed on the Cboe exchange.
So far, the SEC has approved 11 different companies to issue spot Bitcoin ETFs. These companies included billion-dollar financial giants such as BlackRock and Fidelity.
About subject in the statement Bloomberg Intelligence ETF analyst James SeyffartGlobal X withdraws demand for ETF It doesn’t surprise him stated:
GlobalX has filed a formal withdrawal request for its Bitcoin ETF. This is not surprising because we knew they were out of the race at least since the beginning of December, but with this move it became official.