Global X Pulls Out of Spot Bitcoin (BTC) ETF Application

The exit comes three weeks after eleven other issuers listed their ETFs on the market on Jan 11. Asset management giant BlackRock’s iShares Bitcoin Trust (IBIT) is leading the race so far with more than $2.6 billion in total flows over 13 days of trading, followed by Fidelity’s Wise Origin Bitcoin Fund. (FBTC)