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27 July 2021

GlobalX Joins Growing List Of U.S. Bitcoin ETF Hopefuls - Decrypt

GlobalX Joins Growing List Of U.S. Bitcoin ETF Hopefuls - Decrypt


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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.

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.

The firm did disclose that the custodian is a limited purpose trust company authorized to provide digital asset custody services in the State of New York.

Earlier this month, the New York-based firm launched The Global X Blockchain ETF (BKCH), which trades on the Nasdaq and “seeks to invest in companies positioned to benefit from the increased adoption of blockchain technology.” These include “companies in digital asset mining, blockchain & digital asset transactions, blockchain applications, blockchain & digital asset hardware, and blockchain & digital asset integration.”.

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