ETF provider GlobalX has applied to create a bitcoin ETF with the U.S. Securities and Exchange Commission (SEC). If approved, the trust will trade on the Cboe BZX Exchange.
New York-based GlobalX currently offers 84 ETFs, ranging from cloud computing to cannabis funds. It looks after $35 billion in assets under management (AUM).
In 2018, GlobalX was acquired by Mirae Asset Global Investments, an investment manager with $560 billion in AUM, according to its website.
The SEC has still not yet approved a bitcoin ETF, continually delaying decisions for pending applications.