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Quick Take
- Global X’s spot bitcoin ETF on Cboe exchange won’t be approved at least until Dec. 22, the SEC said.
The U.S. Securities and Exchange Commission set up a comment period for the Global X Bitcoin Trust, which was filed in partnership with Cboe BZX exchange, until late December. According to the press release the SEC published Friday afternoon, it expects public comments on the proposal in the next 35 days, making the new deadline as Dec. 22. The delay was expected, as Bloomberg ETF analyzt James Seyffert posted on X today, although the decision on the Global X proposal was not due until Nov. 21. © 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.