{"id":25901,"date":"2024-01-31T00:19:35","date_gmt":"2024-01-31T00:19:35","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/global-x-pulls-back-on-spot-bitcoin-etf-application\/"},"modified":"2024-01-31T00:19:35","modified_gmt":"2024-01-31T00:19:35","slug":"global-x-pulls-back-on-spot-bitcoin-etf-application","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/global-x-pulls-back-on-spot-bitcoin-etf-application\/","title":{"rendered":"Global X Pulls Back on Spot Bitcoin ETF Application"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Global X, known for its range of exchange-traded funds (ETFs), has taken a step back from its ambitions in the cryptocurrency space by retracting its application for a spot bitcoin ETF, as revealed in a recent regulatory filing on Tuesday. This move sets Global X apart as the first among its peers who had sought approval from the U.S. Securities and Exchange Commission (SEC) last year to withdraw their application.<\/p>\n<p>As of December 2023, Global X managed approximately $51 billion in assets across its ETFs globally, showcasing its significant presence in the investment management sector. This decision comes at a time when the SEC has given the <a href=\"https:\/\/igaming.org\/crypto\/bitcoin-etfs-launch-15-years-after-hal-finneys-historic-tweet\/\">green light<\/a> to 11 spot bitcoin ETFs earlier in the month, including notable offerings like BlackRock\u2019s iShares Bitcoin Trust and Grayscale Bitcoin Trust. These approvals marked a significant milestone for the cryptocurrency industry, bridging the gap between digital assets and traditional investment vehicles, and opening the market to a broader investor base after years of regulatory hurdles<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/first-withdrawal-among-applicants-as-global-x-rethinks-bitcoin-etf\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Global X, known for its range of exchange-traded funds (ETFs), has taken a step back from its ambitions in the cryptocurrency space by retracting its application for a spot bitcoin ETF, as revealed in a recent regulatory filing on Tuesday. This move sets Global X apart [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":25902,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25901"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25901"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25901\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25902"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}