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SEC Delays Decisions on Franklin Templeton and Global X Spot Bitcoin ETFs
The moves were expected and aren't having any immediate effect on the bitcoin price.
Updated Mar 8, 2024, 5:19 p.m. Published Nov 17, 2023, 8:15 p.m.
Decisions on approvals for both Franklin Templeton's and Global X's spot bitcoin ETF applications have been delayed by the U.S. Securities and Exchange Commission (SEC), according to a just-released note.
The deadline for the SEC to move on Franklin Templeton was today and on Global X's attempt was Nov. 21; with these delays, the new deadlines move into early 2024.
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Few had expected any spot bitcoin ETF approvals this week, so the SEC's action comes as little surprise. Bitcoin [BTC] is trading at $36,450, up modestly for the day.
Updated (18:45 UTC, Nov. 17): Added Franklin Templeton news to the story.
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