NYDIG Files for Bitcoin ETF, Adding to Firms Hoping 2021 Is When SEC Finally Says ‘Yes’
The filing comes on the same day as bitcoin hit $50,000 for the first time ever.
Bitcoin ETFs
One analyst said the ETF could reach $1 billion in assets under management by the end of next week.
This is the second bitcoin ETF approved to trade in Canada.
This week’s congressional hearings, as well as the appearance of new institutional onramps, point to growing investor interest in a new type of capital market.
It may encourage U.S. regulators to approve their first bitcoin exchange-traded fund.
The market has matured since 2018, when bitcoin ETF applications last hit a peak. It's unclear whether that's enough to see one approved.
Bitcoin ETFs
