SEC delays decision on NYDIG Bitcoin ETF

NEWYORK – The U.S. Securities and Alternate Commission on Tuesday said it not on time its resolution on a bitcoin alternate-traded fund (ETF) idea from NYDIG, which might be according to the price of bitcoin held in a trust.

The SEC said it is going to make a choice approximately whether or not to allow the bitcoin ETF from NYDIG, a subsidiary of Stone Ridge that was once just lately valued at greater than $7 billion, to business on Intercontinental Trade Inc’s NYSE Arca by way of March SIXTEEN instead of its earlier Jan. 15 deadline.

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