Posted 1/31/2024, 4:01:00 PM
Global X Withdraws Bitcoin ETF Application After Delays and Rival Launches
- Global X withdraws its spot bitcoin ETF application after SEC delays decision twice
- Application was originally filed in July 2021 and refiled in August 2022
- Withdrawal comes 3 weeks after other issuers launched spot bitcoin ETFs on Jan 11
- BlackRock's iShares Bitcoin Trust leading with over $2.6B in flows in 13 days
- Total ETF flows around $250M, lower than expected due to Grayscale Bitcoin Trust outflows of nearly $5.4B