Global X’s spot-bitcoin filings represent the ninth current spot-bitcoin application.
The firm has also applied for approval to establish a bitcoin-futures ETF.
On Friday, Global X joined other industry participants in submitting paperwork to list a spot bitcoin exchange-traded fund (ETF) product. If the fund gets the go-light from regulators, it will boost widespread Bitcoin exposure.
In addition to Grayscale’s petition to appeal the SEC’s denial of its intended spot-bitcoin ETF conversion, Global X’s spot-bitcoin filings represent the ninth current spot-bitcoin application filed with U.S. authorities. To get approval from authorities, Global X, a supplier of other ETF products, has chosen Coinbase as its surveillance-sharing partner.
Tough Road Ahead
Other pending applications, such as those from Fidelity and BlackRock, have also disclosed similar agreements with Coinbase in response to earlier SEC refusals of bitcoin ETF applications, which cited the absence of a robust surv
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