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Is the SEC poised to allow a bitcoin futures exchange-traded fund?

Su Keenan reports. The Securities and Exchange Commission is poised to allow the first U.S. Bitcoin futures exchange-traded fund to begin trading in a watershed moment for the cryptocurrency industry, according to people familiar with the matter.

Are bitcoin ETFs based on futures contracts?

Unlike Bitcoin ETF applications that the regulator has previously rejected, the proposals by ProShares and Invesco Ltd. are based on futures contracts and were filed under mutual fund rules that SEC Chairman Gary Gensler has said provide “significant investor protections.”

What is the nydig spot bitcoin ETF deadline?

The US Securities and Exchange Commission delayed its decision on the NYDIG spot bitcoin ETF. The deadline was previously January 15 and is now March 15, according to a Tuesday notice. The regulator rejected similar proposals from Valkyrie and Kryptoin just before Christmas.

What is the latest on nydig’s proposed bitcoin exchange-traded fund?

The US Securities and Exchange Commission delayed its decision on a proposed spot bitcoin exchange-traded fund from NYDIG another 60 days. The deadline, which was previously January 15, is now March 15, according to a Tuesday notice from the regulator.

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