U.S. SEC delays decision on Grayscale's spot bitcoin ETF

FILE PHOTO: Representations of virtual cryptocurrencies are placed on U.S. Dollar banknotes in this illustration taken November 28, 2021. REUTERS/Dado Ruvic/Illustration

NEW YORK (Reuters) - The U.S. Securities and Exchange Commission on Friday delayed a decision on a proposal to list and trade a spot bitcoin exchange-traded fund (ETF) by Grayscale Bitcoin Trust, the world's largest digital currency manager.

The regulator instituted proceedings to decide whether to approve or reject the ETF on Intercontinental Exchange Inc's NYSE Arca exchange, and asked for public comments on the proposal.