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.

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