The U.S. financial watchdog has consistently turned down bitcoin ETF applications. With no clear-cut regulation on what service providers need to do, to date, no bitcoin ETF has been approved by the SEC. NYDIG’s S11 filing, which was published on Tuesday, is the latest effort to win the approval of U.S. regulators for a bitcoin ETF.
NYDIG wants its Bitcoin ETF to be listed on the New York Stock Exchange (NYSE). Furthermore, Morgan Stanley (NYSE:MS) will act as the ETF’s authorized participant. The firm wrote:
Ultimately, the decision lies in the hands of the new incoming chair, Gary Gensler.
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Source: Cryptocurrency - investing.com
