SEC delays Franklin Templeton crypto index ETF decision
According to Eric Balchunas, the launch of the Bitcoin ETF in the United States was the most successful ETF launch in history.
The United States Securities and Exchange Commission (SEC) has delayed a decision to approve the Franklin Templeton Crypto Index ETF until early 2025.
In a Nov. 20 letter, the regulatory agency explained that it received no comments after publishing the proposed rule change to list the crypto index ETF on the Federal Register on Oct. 8, 2024. SEC officials wrote:
The SEC continued, “Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act, designates January 6, 2025, as the date by which the Commission shall either approve or disapprove or institute proceedings to determine whether to disapprove, the proposed rule change.”
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Author: Vince Quill
