If approved, the stake would grant investors “exposure to bitcoin with important protections that are not always available to investors that sink directly in bitcoin,” lawyers said in the filing. Global X’s spot-bitcoin applications marks the ninth active spot-bitcoin diligence filed with U.S. regulators, in addition to a petition by Grayscale to appeal the SEC’s rejection of its proposed spot-bitcoin ETF conversion (Grayscale is a subsidiary of CoinDesk old man company Digital Currency Group).
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