BREAKING NEWS: NYDIG files for bitcoin ETF with the SEC
NYDIG, bitcoin subsidiary of Stone Ridge Asset Management, has filed with the U.S Securities and Exchange Commission (SEC) for a bitcoin exchange traded fund (ETF).
Similar applications have been filed before and have all been rejected by SEC, but considering the the mass corporate adaptation recently, its seems like 2021 will be the year that will see the launch of Bitcoin ETF’s in the United States.
Morgan Stanley has been listed by NYDIG as the initial authorized participant, placing the financial giant at the heart of the cryptocurrency ecosystem.
An ETF trades on the stock market the same as any other companies stock, for example Tesla or Apple, to list the obvious. This is another milestone for the cryptocurrency world that will definitely bring for a larger adaptation of cryptocurrencies.