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SEC delays decision on NYDIG Bitcoin ETF -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – The U.S. Securities and Exchange Commission’s seal can be seen at its headquarters in Washington D.C. U.S.A, U.S.A, May 12, 2021. REUTERS/Andrew Kelly/File Photograph

NEW YORK (Reuters), The U.S. Securities and Exchange Commission said Tuesday that it had delayed its decision about a NYDIG proposal to create a bitcoin exchange traded fund (ETF), which would take into account the value of bitcoin in trusts.

SEC stated that it will decide whether the Bitcoin ETF (NYDIG), a Stone Ridge subsidiary, can trade on Intercontinental Exchange’s NYSE Arca. This decision is in place of its January 15 deadline.

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