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NYDIG Is Seeking Approval From SEC For Its Bitcoin ETF

Mary Liu

Summary: According to a public S-1 filing, the New York Digital Investment Group (NYDIG) has joined the crowded applicants by submitting an application to the Securities and Exchange Commission (SEC) for its Bitcoin exchange-traded fund (ETF). The document also shows that Morgan Stanley will become an authorized participant of the proposed ETF. If approved, NYDIG's Bitcoin ...

According to a public S-1 filing, the New York Digital Investment Group (NYDIG) has joined the crowded applicants by submitting an application to the Securities and Exchange Commission (SEC) for its Bitcoin exchange-traded fund (ETF).

The document also shows that Morgan Stanley will become an authorized participant of the proposed ETF. If approved, NYDIG's Bitcoin ETF will be traded on the NYSE Arca exchange.

NYDIG Asset Management LLC and NYDIG Trust Company LLC, two of NYDIG's subsidiaries, will act as the sponsor and Bitcoin custodian respectively.

By Mary Liu

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