Cboe Exchange’s Spot Bitcoin ETF Application Withdrawn
Chicago Board Options Exchange (Cboe) pulled out its application for Global X Bitcoin Trust ETF which would have been operated in partnership with Coinbase.
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Chicago Board Options Exchange (Cboe) pulled out its application for Global X Bitcoin Trust ETF which would have been operated in partnership with Coinbase.
The US SEC published a notice on January 30, where it says the company first filed an application for a Bitcoin Spot ETF on August 4, 2023.
Cboe’s application withdrawal news came amid the rising competition between spot ETFs. The US SEC gave its much awaited approval of spot ETFs earlier this month.
According to Bloomberg analyst Jame Seyffart, the move wasn’t unexpected at all as they were out of competition.
Since the SEC approval, spot Bitcoin ETFs have passed $27B in trading volumes, with GBTC, Blackrock, and Fidelity leading the list.
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