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Fund management firm Global X files with SEC for Bitcoin ETF

July 22, 2021. Summarized by summa-bot.

Compression ratio: 40.4%. 1 min read.

The Global X Bitcoin Trust, if approved, would trade on the Cboe BZX exchange.

New York-headquartered fund manager Global X Digital Assets has filed an application for a Bitcoin (BTC) exchange-traded fund (ETF) with the United States Securities and Exchange Commission.

Filed on July 21, the application indicates that the proposed Global X Bitcoin Trust would trade on the Cboe BZX exchange.

The filing stipulates that the trust itself “will not purchase or, barring a liquidation or extraordinary circumstances described herein, sell bitcoin directly. ”

Earlier this week, Greg King — CEO of Osprey Funds — argued that the high number of Bitcoin ETF applications in the U. S. earlier this year contributed to Bitcoin’s extraordinary 2021 bull run.

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