Global X Digital Assets, a fund manager with $31 billion in assets under management (AUM), is the latest hopeful to file an application for a Bitcoin ETF with the U.S. Securities and Exchange Commission.
GlobalX is a subsidiary of Seoul-based Mirae Asset Global Investments, a global investment manager with over $560 billion in AUM.
A Bitcoin ETF, or exchange-traded fund, is designed to track the price of Bitcoin, granting institutional investors easy access to the underlying asset without requiring them to physically hold the cryptocurrency.
If approved, the proposed Global X Bitcoin Trust—a statutory trust incorporated in Delaware on July 13, 2021—would trade on the Cboe BZX exchange, with the Bank of New York Mellon appointed the trust’s administrator.
According to the application submitted on July 21, “the trust’s investment objective is to reflect the performance of the price of Bitcoin less the expenses of the trust’s operations.”
“The Trust will not seek to reflect
Źródło: https://decrypt.co/76613/globalx-joins-growing-list-of-u-s-bitcoin-etf-hopefuls
