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U.S. SEC rejects NYDIG Bitcoin ETF and Global X Bitcoin Trust listing proposals -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – The seal of U.S. Securities and Exchange Commission is seen in Washington D.C. U.S.A, U.S.A, May 12, 2021. REUTERS/Andrew Kelly/

NEW YORK (Reuters) – The U.S. Securities and Exchange Commission rejected proposals to list and trade shares of spot bitcoin exchange-traded funds (ETFs) NYDIG ETF https://www.sec.gov/rules/sro/nysearca/2022/34-94395.pdf and Global X Bitcoin Trust, in filings dated March 10.

This was the latest rejection by market regulators to deny approval of an ETF which tracks the digital asset.

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