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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
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