in

Global X Investment Manager Bitcoin ETF

Global X Investment Manager Bitcoin ETF


New York-based exchange-traded fund (ETF) provider, Global X, has joined the ever-growing list of bitcoin ETF prospects with a new filing with the U.S. Securities and Exchange Commission (SEC). Global X has $35 billion of assets under management and is a subsidiary of the $560 billion investment manager Mirae Asset.

If approved, the Global X Bitcoin Trust will issue common shares for trade on the Cboe BZX Exchange under a ticker symbol to be announced right before it starts trading. The ETF will hold bitcoin to achieve its investment objective of being a proxy for the BTC price in dollars, minus operating expenses.



Source link

What do you think?

Expert

Written by Bitcoin

Content Author

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Ashley Darby looks back at her ‘Real Housewives of Potomac’ journey and teases season 6 drama

DeepMind creates ‘transformative’ map of human proteins drawn by artificial intelligence