Global X withdrew its bitcoin ETF proposal just weeks after the SEC gave other ETFs the green light
After the filing is listed in the Federal Register, a comment period spanning at least 35 days will begin
ETF issuer Global X files for Bitcoin Trend Strategy while rival fund groups chase a fund that would hold BTC directly
The buildout of blockchain use cases will play large role in valuing crypto assets, according to Global X head of thematic solutions
Four Europe-domiciled exchange-traded products by 21Shares had a total return below -40%
Index-based products targeting industry themes or client needs is “where we’re truly going to make an impact,” exec says
The New York-based ETF issuer looks to expand its crypto thematic products and suite of crypto ETPs in Europe
The firm’s filing comes a week after similar plans from fund titan Fidelity
WisdomTree and BlackRock each have pair of products investing in bitcoin futures contracts
Global X’s offering could be “more palatable” for advisors and long-term investors compared to its competitors
Firm’s latest product also invests in equity securities of blockchain companies.
Planned offering will invest in blockchain companies and bitcoin futures
New York-based thematic fund issuer’s filing comes a week after launching blockchain ETF.