Key Points:
This follows the SEC’s public consultation on the Franklin Templeton spot Bitcoin ETF and Hashdex spot Bitcoin ETF proposals, signaling a potential resolution in January. Recent SEC filings suggest a move to conclude the comment period on these funds, indicating progress toward a decision.
Franklin Templeton, managing $1.33 trillion in assets, acknowledged the significant demand for Bitcoin. CEO Jenny Johnson emphasized that clients are keenly monitoring Bitcoin for investment opportunities, noting the distinction between Bitcoin and blockchain technology.
The SEC’s consideration of the Franklin Templeton spot Bitcoin ETF is indicated by a disclosure revealing the initiation of proceedings to approve or deny the proposal.
In September, the company submitted its Franklin Templeton spot Bitcoin ETF application to the SEC. If approved, the fund will be listed on the Cboe BZX exchange and entrusted to Coinbase Custody. Concurrently, the SEC held discussions with Fidelity about its spot Bitcoin ETF.
Currently, 12 Bitcoin spot ETFs await the SEC’s final ruling, with major players such as BlackRock, VanEck, Bitwise, WisdomTree, Valkyrie, Fidelity, Invesco, ARK Invest, Global X, Hashdex, and Franklin Templeton in the mix. Analysts project a high likelihood of SEC approval, citing the substantial impact of these products on the crypto market, estimating approval rates to be as high as 90%.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Bitcoin Spot ETF Inflows have reached $510 million as of November 13, marking six consecutive…
Solana DEX trading volume reached historic highs, exceeding $5 billion daily for three days. Raydium…
Phantom iOS users are warned that a recent app update caused some users to log…
Japanese crypto exchange Coincheck is set to become the first Japanese crypto exchange to list…
The US DOJ investigates Polymarket for Alleged Illegal US User Bets Polymarket, for allegedly permitting…
Ethereum’s ICO was priced at around $0.30 per token, and today, it’s valued in the…
This website uses cookies.