Cryptocurrencies
SEC Punts Again on NYDIG Bitcoin ETF, Delaying Decision to March
- Hold up follows pattern of prior spot Bitcoin ETF proposals
- Comes after SEC rejected two similar proposals last month
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The U.S. Securities and Exchange Commission has again delayed its decision on a proposal from NYDIG, a subsidiary of asset manager Stone Ridge Holdings Group, for a Bitcoin exchange-traded fund.
The SEC’s rejection or approval of the “NYDIG Bitcoin ETF” was supposed to come by Jan. 15 after prior delay. But the SEC in a notice Tuesday said another 60 days is needed to make a determination. The new deadline is March 16.