Mo.bi - Crypto Currency Tracker logo Mo.bi - Crypto Currency Tracker logo
Seeking Alpha 2022-01-04 21:43:52

SEC delays decision on NYDIG bitcoin ETF proposal to mid-March

The U.S. Securities and Exchange Commission has once again delayed its decision on NYDIG's proposal for a bitcoin (BTC-USD) spot exchange-traded fund, according to an SEC filing. The agency extends its decision by 60 days to March 15 in order to have enough time to consider the proposed rule change and any comments received, the notice says. The SEC's initial deadline was Jan. 15. Recall towards the end of 2021, the SEC also denied Kryptoin's proposed spot BTC ETF. Bitcoin (BTC-USD) ETFs have grown heavily into the spotlight this past year, with VanEck more recently launching the market's third BTC strategy ETF. Previously (Nov. 9, 2021) Valkyrie CEO is optimistic about the future of BTC ETFs.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.