Bitcoin ETF Decision Delayed
The NYDIG’s ETF for Bitcoin has been delayed until March and SEC Commissioner Hester Peirce is asking why
Bitcoin ETF decision delayed, SEC Commissioner wonders why
“The United States Securities and Exchange Commission (SEC) has postponed its decision to approve NYDIG’s spot exchange-traded fund (ETF) for Bitcoin (BTC), delaying until March 16.
In a notice published yesterday, the SEC found it ‘appropriate to designate a longer period within which to issue an order approving or disapproving’ the ETF. Upon the news, the BTC price didn’t flinch, remaining in its tightly coiled range under $47,000.
In a promising turn of events, an SEC bigwig has been vocal in support of a spot ETF. While crypto enthusiasts are used to rejections and delays in BTC spot ETFs, Commissioner Hester Peirce of the SEC also wonders why it’s taking so long.
In an interview with industry media, the Commissioner said, ‘I can’t believe we’re still talking about this as if, you know, we’re waiting for one to happen […] We’ve issued a series of denials even recently, and those continue to use reasoning that I think was outdated at the time.’”