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The SEC booted its decision deadline on a spot bitcoin ETF from NYDIG another 60 days
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The US Securities and Exchange Commission delayed its decision on a proposed spot bitcoin exchange-traded fund from NYDIG another 60 days.
The deadline, which was previously January 15, is now March 15, according to a Tuesday notice from the regulator. The two additional months will give the SEC «sufficient time» to weigh the proposal from NYDIG, a subsidiary of asset manager Stone Ridge Holdings Group, the notice said.
The delay follows a pattern of the SEC punting decisions on spot bitcoin ETFs, which would track the real-time price of the cryptocurrency. Similar proposals from Valkyrie and Kryptoin were rejected just before Christmas on the grounds that they didn't meet the SEC's standard to prevent fraud and
Read more on markets.businessinsider.comAbout this in other media
SEC rejects Skybridge's application for spot Bitcoin ETF cointelegraph.com /2 years ago
Gary Gensler hints SEC staff are scrambling to bring crypto exchanges under its regulatory eye this year markets.businessinsider.com /2 years ago
SEC Advisory Committee member calls agency to open for public comment on crypto regulation cointelegraph.com /2 years ago
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