Bitcoin (virtual currency) coins are seen in an illustration picture taken at La Maison du Bitcoin in Paris July 11, 2014. REUTERS/Benoit Tessier/File Photo
(Reuters) - Global X, a provider of exchange-traded funds, has withdrawn its application for spot bitcoin ETF, a regulatory filing showed on Tuesday, making it the first company among those that applied to the U.S. securities regulator for approval last year to do so.
The company had about $51 billion of assets under management in its ETFs worldwide, as of December 2023, according to its website.
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