Cboe Will Not List Global X’s Spot Bitcoin ETF
The proposed rule change for listing Global X’s spot Bitcoin ETF on the Cboe BZX Exchange has been withdrawn by the exchange.
The application was first filed in August 2023 and was twice extended by the SEC for consideration in September and November.
However, the exchange officially withdrew its proposal on Jan. 26. This announcement came shortly after the SEC approved the listing of BTC ETFs on US exchanges for the first time.
There is speculation that the SEC will also approve spot Ether ETFs in the near future, as it has pushed back deadlines for offerings from BlackRock and Grayscale.
As of Jan. 26, there has been a total of $5 billion in outflows from the Grayscale Bitcoin Trust, but there were $759 million in net inflows across all spot Bitcoin ETFs approved on Jan. 10.
Attempts to reach Cboe and Global X for comment were unsuccessful at the time of publication.
