News

NYDIG becomes the latest firm seeking to launch a Bitcoin ETF

John Williams

Feb 17, 2021 — 1 min read

This article is for informational purposes only and does not constitute investment advice. Always do your own research (DYOR) before making any financial decisions.

Stone Ridge’s NYDIG has become the latest firm to file for a Bitcoin exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC).

The U.S. financial watchdog has consistently turned down bitcoin ETF applications. With no clear-cut regulation on what service providers need to do, to date, no bitcoin ETF has been approved by the SEC. NYDIG’s S11 filing, which was published on Tuesday, is the latest effort to win the approval of U.S. regulators for a bitcoin ETF.

NYDIG wants its Bitcoin ETF to be listed on the New York Stock Exchange (NYSE). Furthermore, Morgan Stanley will act as the ETF’s authorized participant. The firm wrote:

The Trust’s investment objective is to reflect the performance of the price of bitcoin less the expenses of the Trust’s operations. The Trust will not seek to reflect the performance of any benchmark or index… In seeking to achieve its investment objective, the Trust will hold bitcoin.

In late December, during the leadership of pro-crypto chairman Elad Roisman, VanEck applied an application for a Bitcoin ETF with the Commission. An approval is yet to be given.

Ultimately, the decision lies in the hands of the new incoming chair, Gary Gensler.

EV2 Token Presale Launches as Funtico Targets Mainstream Gamers With ‘Earth Version 2’

Tortola, BVI, November 12th, 2025, Chainwire Funtico has opened the token presale for Earth Version 2 (EV2), the studio’s forthcoming multiplayer sci-fi MMO. The sale offers early access to $EV2 – the token that drives the game’s economy – with 40% of the fixed 2.88 billion supply allocated to

Morgan Stanley Strategists Recommend Profit Taking as Bitcoin Market Enters Fall Season

Morgan Stanley strategists advised investors to take profits from their cryptocurrency holdings as Bitcoin enters what they describe as the "fall season" of its four-year market cycle. According to Cointelegraph, Denny Galindo, an investment strategist at Morgan Stanley Wealth Management, explained the timing on the firm's

Microsoft-Backed Biokript Pro Secures 100K Dollars from Google Cloud to Launch the First Solana DEX with Stop-Loss and Rug-Pull Protection

In a DeFi landscape crowded with copycat exchanges and fleeting hype, Biokript Pro is emerging as one of the most technologically advanced and credible projects to ever launch on Solana. As the first decentralized exchange on Solana to integrate on-chain stop-loss functionality and patented rug-pull protection, Biokript Pro is setting

CWT: Reshaping the New Ecosystem of Digital Cryptocurrency

With the continuous development and popularization of the digital currency market, more and more investors and users are entering this field. As blockchain technology keeps evolving and expanding its application scenarios, digital currency—an important part of the financial institution ecosystem—is expected to continue its strong market demand. Convergent

Read more

EV2 Token Presale Launches as Funtico Targets Mainstream Gamers With ‘Earth Version 2’

Morgan Stanley Strategists Recommend Profit Taking as Bitcoin Market Enters Fall Season

Microsoft-Backed Biokript Pro Secures 100K Dollars from Google Cloud to Launch the First Solana DEX with Stop-Loss and Rug-Pull Protection

CWT: Reshaping the New Ecosystem of Digital Cryptocurrency