The United States Securities and Exchange Commission has postponed its decision to approve NYDIG\u2019s spot exchange-traded fund (ETF) for Bitcoin (BTC), delaying until March 16.<\/p>\n
In a notice published on Tuesday, the SEC found it \u201cappropriate to designate a longer period within which to issue an order approving or disapproving\u201d the ETF. Upon the news, BTC\u2019s price didn\u2019t flinch, remaining in\u00a0its tightly coiled range under $47,000.<\/p>\n
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, SEC Commissioner Hester Peirce also wonders why it\u2019s taking so long.<\/p>\n
In an interview with industry media, the commissioner said,\u00a0\u201cI can\u2019t believe we\u2019re still talking about this as if, you know, we\u2019re waiting for one to happen […] We\u2019ve issued a series of denials even recently, and those continue to use reasoning that I think was outdated at the time.\u201d<\/p>\n