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

FILE PHOTO: The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C.
FILE PHOTO: 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/

March 11, 2022

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 Bitcoin ETF https://www.sec.gov/rules/sro/nysearca/2022/34-94395.pdf 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.

(Reporting by John McCrank)