As stated in an SEC filing on Tuesday, the ETF provider Global X has withdrawn its application for a spot in Bitcoin ETF.
The CBOE BZX Exchange submitted a notice of withdrawal for the Global X Bitcoin Trust on January 26, roughly two weeks after the SEC approved 11 other spot Bitcoin ETFs.
Global X Withdraws Application
The Global X Bitcoin Trust’s initial application was submitted in August 2023, and despite two extensions for consideration in September and November, the exchange officially withdrew its proposal on January 26. As of December 2023, Global X had approximately $51 billion in assets under management in its ETFs worldwide.
Bloomberg Intelligence ETF analyst James Seyffart commented on the withdrawal, stating that it was not surprising, given prior indications. Seyffart mentioned in a post on X that the official withdrawal request for Global X ETFs’ Bitcoin ETF was expected, as it was known they were no longer in contention since at least early December.
Official wit
We współpracy z: https://cryptopotato.com/cboe-bzx-withdraws-application-for-global-x-bitcoin-etf-listing/
