NEW YORK – 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)