Shareholder Report | 12 Months Ended |
Oct. 31, 2024 USD ($) Holding |
Shareholder Report [Line Items] | |
Document Type | N-CSR |
Amendment Flag | false |
Registrant Name | GLOBAL X FUNDS |
Entity Central Index Key | 0001432353 |
Entity Investment Company Type | N-1A |
Document Period End Date | Oct. 31, 2024 |
C000231762 | |
Shareholder Report [Line Items] | |
Fund Name | Global X Blockchain & Bitcoin Strategy ETF |
Class Name | Global X Blockchain & Bitcoin Strategy ETF |
Trading Symbol | BITS |
Security Exchange Name | NASDAQ |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about the Global X Blockchain & Bitcoin Strategy ETF (the "Fund") for the period from November 1, 2023 to October 31, 2024. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.globalxetfs.com/funds/bits/. You can also request this information by contacting us at 1-888-493-8631. |
Additional Information Phone Number | 1-888-493-8631 |
Additional Information Website | https://www.globalxetfs.com/funds/bits/ |
Expenses [Text Block] | What were the Fund costs for the last year? (based on a hypothetical $10,000 investment) Fund Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Global X Blockchain & Bitcoin Strategy ETF $101 0.65% |
Expenses Paid, Amount | $ 101 |
Expense Ratio, Percent | 0.65% |
Factors Affecting Performance [Text Block] | How did the Fund perform in the last year? The Fund is an actively-managed exchange-traded fund (“ETF”) that seeks long-term capital appreciation by investing under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of U.S. and non-U.S. “Blockchain Companies”, as defined below, and in long positions in U.S. listed bitcoin futures (“Bitcoin Futures”) contracts. Under normal circumstances, the Fund will invest at least 25% of its assets in Blockchain Companies and will have notional exposure to Bitcoin Futures equal to at least 20% of the total assets of the Fund. Blockchain Companies include companies that derive or are expected to derive at least 50% of their revenues, operating income, or assets from digital asset mining, blockchain and digital asset transactions, blockchain applications, blockchain and digital asset hardware, and blockchain and digital asset integration, as defined by Solactive AG, the provider of the Underlying Index. Blockchain Companies also include U.S.-listed operating companies that directly own a material amount of digital assets. For the 12-month period ended October 31, 2024 (the “reporting period”), the Fund increased 111.98%. The Fund had a net asset value of $38.09 per share on October 31, 2023, and ended the reporting period with a net asset value of $71.47 per share on October 31, 2024. During the reporting period, the highest returns came from CME Bitcoin Futures and the Global X Blockchain ETF, which returned 180.29% and 120.36%, respectively. The Global X 1-3 Month T-Bill ETF returned 5.38%. The Fund delivered positive returns during the reporting period, primarily driven by continued positive sentiment toward digital assets, specifically Bitcoin. The U.S. Federal Reserve's decision to cut interest rates by 50 basis points in September 2024 provided tailwinds to risk assets, including digital assets. Additionally, investor sentiment has improved as the rate cut signaled growing confidence in the U.S. economy by the Federal Reserve. The U.S. Securities and Exchange Commission’s approval of spot Bitcoin ETFs in early 2024 also boosted investor confidence and drove up the value of digital assets. Furthermore, advancements in blockchain infrastructure and scalability solutions that enhanced the practical applications of blockchain technology positively influenced the Fund's holdings during the reporting period. |
Performance Past Does Not Indicate Future [Text] | Past performance is not indicative of future performance. |
Line Graph [Table Text Block] | Global X Blockchain & Bitcoin Strategy ETF - $6982 S&P 500 Index (TR)* - $12757 Coin Metrics Bitcoin Coin Index (CMBIBTC) - $11000 Nov/21 $10000 $10000 $10000 Oct/22 $2360 $8392 $3190 Oct/23 $3294 $9243 $5395 Oct/24 $6982 $12757 $11000 |
Average Annual Return [Table Text Block] | Fund/Index Name 1 Year Annualized Since Inception Global X Blockchain & Bitcoin Strategy ETF 111.98% - S&P 500 Index (TR)* 38.02% 8.57% Coin Metrics Bitcoin Coin Index (CMBIBTC) 103.89% 3.27% |
No Deduction of Taxes [Text Block] | The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund shares. |
AssetsNet | $ 26,952,918 |
Holdings Count | Holding | 7 |
Advisory Fees Paid, Amount | $ 150,873 |
InvestmentCompanyPortfolioTurnover | 37.45% |
Additional Fund Statistics [Text Block] | Key Fund Statistics as of October 31, 2024 Total Net Assets Number of Portfolio Holdings Total Advisory Fees Paid Portfolio Turnover Rate $26,952,918 7 $150,873 37.45% |
Holdings [Text Block] | Asset/Country Weightings Footnote Reference Value Value Futures Contracts 1.3% United States 11.0% Exchange Traded Fund 80.4% Footnote Description Footnote Percentages are calculated based on total net assets. |
Largest Holdings [Text Block] | Top Holdings Holding Name Percentage of Total Net Assets Global X Blockchain ETF Footnote Reference 50.2% Global X 1-3 Month T-Bill ETF Footnote Reference 30.2% U.S. Treasury Bills, 4.59%, 1/2/2025 3.7% U.S. Treasury Bills, 4.60%, 1/9/2025 3.7% U.S. Treasury Bills, 4.51%, 1/28/2025 3.7% CME Bitcoin - Futures Contract 1.3% CME Bitcoin - Futures Contract 0.0% Footnote Description Footnote ** Affiliated Investment |
Material Fund Change [Text Block] | Material Fund Changes There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request. |
Updated Prospectus Phone Number | 1-888-493-8631 |
Updated Prospectus Web Address | https://www.globalxetfs.com/funds/bits/ |
C000245376 | |
Shareholder Report [Line Items] | |
Fund Name | Global X Bitcoin Trend Strategy ETF |
Class Name | Global X Bitcoin Trend Strategy ETF |
Trading Symbol | BTRN |
Security Exchange Name | NYSEArca |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about the Global X Bitcoin Trend Strategy ETF (the "Fund") for the period from March 20, 2024 (commencement of operations) to October 31, 2024. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.globalxetfs.com/funds/btrn/. You can also request this information by contacting us at 1-888-493-8631. |
Additional Information Phone Number | 1-888-493-8631 |
Additional Information Website | https://www.globalxetfs.com/funds/btrn/ |
Expenses [Text Block] | What were the Fund costs for the period? (based on a hypothetical $10,000 investment) Fund Name Costs of a $10,000 investment Footnote Reference Costs paid as an annualized percentage of a $10,000 investment Global X Bitcoin Trend Strategy ETF $53 0.95% Footnote Description Footnote * Costs shown not annualized. If the Fund had been open for the full fiscal year, costs shown would have been higher for the period ended. |
Expenses Paid, Amount | $ 53 |
Expense Ratio, Percent | 0.95% |
Factors Affecting Performance [Text Block] | How did the Fund perform in the period? The Fund seeks to provide investment results that correspond to the price and yield performance, before fees and expenses, of the CoinDesk Bitcoin Trend Indicator Futures Index (“Secondary Index”). The Fund is passively managed which means the investment adviser does not attempt to take defensive positions in declining markets. The Fund generally seeks to fully replicate the Secondary Index. The Secondary Index is designed to provide exposure to a strategy that systematically and dynamically allocates between exposure to U.S. listed bitcoin futures (“Bitcoin Futures”) contracts and cash based on the Bitcoin Trend Indicator (“BTI”), a signal which conveys the direction and strength of the current price trend of Bitcoin. Bitcoin is represented by the CoinDesk Bitcoin Futures Excess Return Index (Ticker: BFIC) and cash is represented by the passively-managed Global X 1-3 Month T-Bill ETF (Ticker: CLIP), an affiliate of the Fund. Since March 20, 2024 (the “reporting period”), the Fund decreased by 20.60%, while the Secondary Index decreased by 15.70%. The Fund had a net asset value of $33.10 per share on March 20, 2024, and ended the reporting period with a net asset value of $26.09 per share on October 31, 2024. During the reporting period, the Global X 1-3 Month T-Bill ETF returned 3.28% while the CME Bitcoin Futures returned -76.21%. During the reporting period the Fund recorded negative performance. Even though Bitcoin Futures have exhibited positive performance, driven by a confluence of factors including halving events, institutional adoption, regulatory advancements, technological innovations, and macroeconomic factors, the Fund’s trend strategy resulted in allocations to cash (represented by the Global X 1-3 Month T-Bill ETF (Ticker: CLIP)), which became a drag on performance. The approval of spot Bitcoin ETFs in early 2024 boosted investor confidence in Bitcoin Futures and drove up the value of digital assets. This approval led to heightened institutional participation which greatly enhanced market liquidity and stability. While the strategy underperformed during the period, these tailwinds for Bitcoin Futures, alongside the dynamic allocation strategy of the Fund, allowed investors to access Bitcoin Futures in a risk-managed basis. |
Performance Past Does Not Indicate Future [Text] | Past performance is not indicative of future performance. |
Line Graph [Table Text Block] | Global X Bitcoin Trend Strategy ETF - $7940 S&P 500 Index (TR) - $11007 CoinDesk Bitcoin Trend Indicator Futures Index (TR) (USD) - $8430 Mar/24 $10000 $10000 $10000 Mar/24 $10637 $10059 $10858 Apr/24 $8568 $9648 $9236 May/24 $8964 $10127 $9333 Jun/24 $8367 $10490 $8523 Jul/24 $8336 $10618 $8559 Aug/24 $7146 $10875 $7374 Sep/24 $7338 $11108 $7773 Oct/24 $7940 $11007 $8430 |
Average Annual Return [Table Text Block] | Fund/Index Name Cumulative Since Inception Global X Bitcoin Trend Strategy ETF - S&P 500 Index (TR) 10.07% CoinDesk Bitcoin Trend Indicator Futures Index (TR) (USD) - |
No Deduction of Taxes [Text Block] | The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund shares. |
AssetsNet | $ 1,826,356 |
Holdings Count | Holding | 8 |
Advisory Fees Paid, Amount | $ 12,386 |
InvestmentCompanyPortfolioTurnover | 42.49% |
Additional Fund Statistics [Text Block] | Key Fund Statistics as of October 31, 2024 Total Net Assets Number of Portfolio Holdings Total Advisory Fees Paid Portfolio Turnover Rate $1,826,356 8 $12,386 42.49% |
Holdings [Text Block] | Asset/Country Weightings Footnote Reference Value Value Futures Contracts 3.0% Repurchase Agreement 13.4% Short-Term Investment 18.1% United States 24.5% Exchange Traded Fund 66.5% Footnote Description Footnote Percentages are calculated based on total net assets. |
Largest Holdings [Text Block] | Top Holdings Holding Name Percentage of Total Net Assets Footnote Reference Global X 1-3 Month T-Bill ETF Footnote Reference 66.6% RBC Capital Markets 13.4% U.S. Treasury Note, 1.50%, 11/30/2024 6.8% U.S. Treasury Bills, 4.51%, 1/28/2025 6.8% U.S. Treasury Bills, 4.59%, 1/2/2025 5.4% U.S. Treasury Bills, 4.60%, 1/9/2025 5.4% CME Bitcoin - Futures Contract 3.0% Footnote Description Footnote ** Affiliated Investment Footnote (A) Short-Term Investments are not shown in the top ten chart. |
Material Fund Change [Text Block] | Material Fund Changes There were no material changes during the reporting period that are required to be disclosed in this report. For more complete information about other changes to the Fund, you may review the Fund's current prospectus, which is available upon request. |
Updated Prospectus Phone Number | 1-888-493-8631 |
Updated Prospectus Web Address | https://www.globalxetfs.com/funds/btrn/ |