Share this article

SEC Delays Decision on NYDIG’s Spot Bitcoin ETF Proposal

The commission now has until March 16 to approve or disapprove NYDIG’s proposal.

Updated May 11, 2023, 5:09 p.m. Published Jan 4, 2022, 6:58 p.m.

Is the SEC's Bitconnect Ponzi Scheme Lawsuit the Last From the ICO Boom Era?

The U.S. Securities and Exchange Commission (SEC) has extended the time period for ruling on NYDIG’s proposal for a spot bitcoin exchange-traded fund (ETF) by 60 days in order to have “sufficient time to consider the proposed rule change and any comments received.”

The SEC’s original deadline was Jan. 15, so now it has until March 15 to make a decision.
In recent months, the SEC has rejected spot bitcoin ETF proposals from a number of investment companies, including VanEck, WisdomTree and Kryptoin.
It also recently delayed its decisions on spot bitcoin ETFs from Valkryie, Grayscale and Bitwise. Grayscale is owned by Digital Currency Group, which is the parent company of CoinDesk.
In the past, the SEC has typically postponed its decisions on approving bitcoin ETFs for as long as possible.
SEC Chair Gary Gensler has indicated multiple times that he prefers to see a bitcoin futures ETF over one that holds bitcoin directly. As of now, three bitcoin futures ETFs have begun trading in the U.S.

STORY CONTINUES BELOW

Don't miss another story.Subscribe to the State of Crypto Newsletter today. See all newsletters

By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.

NYDIG SEC Bitcoin ETF

More For You

Protocol Research: GoPlus Security

By CoinDesk Research

Nov 14, 2025

Commissioned byGoPlus

What to know:

As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.

View Full Report

More For You

Small Texas Lender Monet Joining Field of Crypto-Focused Banks

By Jesse Hamilton|Edited by Nikhilesh De

20 hours ago