
FILE PHOTO: The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo
NEW YORK (Reuters) - The U.S. Securities and Exchange Commission on Tuesday said it delayed its decision on a bitcoin exchange-traded fund (ETF) proposal from NYDIG, which would be based on the price of bitcoin held in a trust.
The SEC said it will make a decision about whether to allow the bitcoin ETF from NYDIG, a subsidiary of Stone Ridge that was recently valued at more than $7 billion, to trade on Intercontinental Exchange Inc's NYSE Arca by March 16 rather than its earlier Jan. 15 deadline.
Already a subscriber? Log in
Subscribe now and stand a chance to win prizes worth over RM40,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.