Global X ETFs has recently amended their filing with the U.S. Securities and Exchange Commission for a spot Bitcoin ETF. The amended filing includes details on how the asset will track the performance of Bitcoin and how it will be safeguarded on behalf of the firm. These changes signify the firm's readiness to meet the SEC's requirements and many have been speculating that this could be a sign that the age of cryptocurrency ETF approvals is near. Other firms, such as BlackRock and Fidelity, have also been pushing for approval. While the U.S. has been hesitant to approve these spot Bitcoin ETFs in the past due to worries about market manipulation, it appears that the tide is changing and the excitement around such a possibility is escalating.



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