CBOE has reported that the application for a spot Bitcoin exchange-traded fund by Global X has been pulled.
The notice of withdrawal was filed by Cboe BZX Exchange on Jan. 26, as disclosed in a filing by the Securities and Exchange Commission on Tuesday.
This comes after the SEC approved 11 Bitcoin ETFs on Jan. 10, following previous rejections due to concerns over fraud and manipulation.
The tide shifted when a D.C. court ruled that the agency had to reconsider a bid from Grayscale Investments for its spot Bitcoin ETF. Analyst James Seyffart from Bloomberg Intelligence stated that the withdrawal from Global X was expected as they had not been in the running since December.
