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.
(Reporting by John McCrank; Editing by Mark Porter)
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| 55,065 EUR | +1.53% | +1.01% | - | ||
| 59,962 USD | +1.23% | +1.67% | - | ||
| 148.4 USD | +0.84% | +5.39% | 85.12B | ||
