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US Securities and Exchange Commission (SEC) He’s late Its decision on Franklin Templeton’s request to launch a cryptocurrency index exchange-traded fund (ETF) offering exposure to bitcoin (Bitcoin) and Ethereum (Ethereum) until January 6, 2025.
The SEC initially had a 45-day deadline to make a decision, which was scheduled to fall on November 22. However, under Section 19(b)(2) of the Securities Exchange Act of 1934, the SEC can extend this period up to 90 days. If you find the extra time needed to evaluate the rule change and any associated issues.
If approved, the Franklin Crypto Index ETF, foot On August 17, the Franklin Crypto Trust with the ticker EZPZ will be traded on the Cboe BZX exchange.
The thriving ecosystem of ETFs
Brazilian asset manager Hashdex moved forward with the launch of its own index ETF in June. The Hashdex Nasdaq Crypto Index US ETF will track BTC and ETH.
Meanwhile, US asset managers are seeking approval for ETFs that track other cryptocurrencies, e.g XRPSolana (Sol), ivy (HBAR), Litecoin (ltc).
president Donald Trump The US election victory has increased optimism in the market, with many companies anticipating a favorable regulatory environment for the industry in the coming months. Van Eyck It previously stated that its Solana ETF was “betRegarding Trump’s re-election, it is expected that the green light for the request will be obtained under his administration.
US regulators recently gave final approvals to launch options trading for spot Bitcoin ETFs, i.e Black Rock He will go, Bitwise Betband Grayscale GBTC.
EBIT Options recorded nearly $2 billion in trading volume on its first day of trading, with analysts commenting that the numbers were impressive.
this post SEC postpones decision on Franklin Templeton Cryptocurrency ETF until 2025 appeared first on Cryptocellite.
