U.S. SEC rejects NYDIG Bitcoin ETF and Global X Bitcoin Trust listing proposals
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
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NEW YORK, March 11 (Reuters) - The U.S. Securities and Exchange Commission rejected proposals to list and trade shares of spot bitcoin exchange-traded funds (ETFs) NYDIG Bitcoin ETF and Global X Bitcoin Trust, in filings dated March 10.
The moves were the latest in a series of rejections by the market regulator to approve an ETF that tracks the underlying digital asset.
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Reporting by John McCrank
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