The Securities and Exchange Commission has again delayed its decision on a proposal from NYDIG, a subsidiary of asset manager Stone Ridge Holdings Group, for a Bitcoin exchange-traded fund.
The SEC’s rejection or approval of the “NYDIG Bitcoin ETF” was supposed to come by Jan. 15 after a prior delay. But in a notice Tuesday, the agency said another 60 days is needed to make a determination. The new deadline is March 16.
The announcement appears to follow a pattern the SEC has taken with prior spot Bitcoin ETF proposals of delaying its decision as long as possible before ultimately rejecting them.
Last month, the regulator rejected a pair of proposals from Valkyrie Investments and Kryptoin for Bitcoin ETFs, saying they failed to meet requirements to prevent fraudulent and manipulative practices that are needed to protect investors. The SEC allowed futures-backed Bitcoin ETFs to be offered in October.
Integrated Partners is adding a mother-son tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.
Futures indicate stocks will build on Tuesday's rally.
Cost of living still tops concerns about negative impacts on personal finances
Financial advisors remain vital allies even as DIY investing grows
A trade deal would mean significant cut in tariffs but 'it wont be zero'.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
