The U.S. Securities and Exchange Commission (SEC) has officially acknowledged the spot Bitcoin ETF application from Franklin Templeton, a global asset manager with $1.5 trillion under management. This move comes as the SEC also considers applications for spot crypto exchange-traded funds (ETFs) from other entities, including Hashdex. Franklin Templeton’s filing is particularly notable due to its substantial presence in the asset management sector.
Moreover, the SEC has announced delays in its decisions regarding the ether ETF applications from VanEck and ARK. The regulatory body has a maximum of 240 days from the date the filing appears in the Federal Register to approve or deny an ETF. This places the decision date for these proposed funds in late May 2024. However, the SEC can ask for additional public feedback during several interim deadlines, potentially delaying the final…
