Cboe exchange withdraws application to list Global X spot Bitcoin ETF
Cboe's BZX exchange has withdrawn its application for a rule change with the United States Securities and Exchange Commission that would have allowed it to list Global X Spot Bitcoin (BTC) exchange-traded fund (ETF) shares.
In a January 30 announcement, the SEC announced that Cboe BZX has withdrawn its application to list and trade shares of the Global X Bitcoin Trust, originally filed in August 2023. The commission extended the filing twice in September and November, but the exchange officially withdrew the proposal on January 26.
The announcement comes three weeks after the SEC officially approved listings of Bitcoin ETFs on US exchanges for the first time. Cointelegraph reached out to Cboe and Global X for comment but did not receive a response by the time of publication.
Related: SEC Establishes Proceedings on Grayscale Spot Ether ETF, Deadline
Following the approval of spot BTC ETFs, many speculate that the SEC will soon give the green light to declassify Ether (ETF) exchange-traded products. The commission has pushed back deadlines on bids from asset managers BlackRock and Greyscale, with final decisions expected in May.
Data shows that since Jan. 26, there have been nearly $5 billion in inflows since the Grayscale Bitcoin Trust converted to ETFs, while on Jan. 10, SEC-approved Bitcoin ETFs across the board saw $759 million in net inflows. .
Magazine: CZ's Multibillion-Dollar Trip Request Denied, SEC Delays Ether ETFs, and More: Hodler's Digest, January 21–27
