JAKARTA - A company that is trading on the Global X exchange has withdrawn its app for the Bitcoin spot ETF, according to a regulatory filing shown on Tuesday, January 30, making it the first company among those to apply to US securities regulators to withdraw its app last year.
The company has about 51 billion US dollars (Rp 807.5 trillion) assets under management in its ETF worldwide, as of December 2023, according to its website.
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Earlier this month, the United States Securities and Exchange Commission (SEC) approved 11 spot bitcoin ETFs, including BlackRock's iShares Bitcoin Trust, Grayscale Bitcoin Trust, among them, after a decade of struggle with the digital asset industry.
These products mark an important moment for the cryptocurrency industry and open its doors to a number of new investors.
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