Franklin

Bitcoin ETF

Bitcoin

<div class="cryptonews">
 <p class="is-style-lead">Experts said the SEC could be laying blocks ahead of spot Bitcoin ETF approvals in early January 2024 following early delayed decisions on bids from two potential issuers.</p>
 <p>The U.S. Securities and Exchange Commission (SEC) delayed its decision to approve or disapprove spot Bitcoin ETF applications submitted by trillion-dollar asset manager Franklin Templeton and crypto-native firm Hashdex.&nbsp;&nbsp;</p>
 <p>Per Nov. 28 filings, the SEC is seeking new commentary for its review of these Bitcoin ETF punts. The news came after America’s securities watchdog disclosed its plan to <a rel="noopener noreferrer nofollow" title="extend" href="https://thebittimes.com/tag/extend.html">extend</a> the period for public input back in mid-November 2023.&nbsp;&nbsp;</p>
 <p>A decision on both filings was due Jan. 1, 2024, meaning that the SEC published its delay order weeks before the deadline.&nbsp;</p>
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Grayscale updates spot Bitcoin ETF application after meeting with SEC
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 <p>ETF expert James Seyffart said this early update could be an indicator that the SEC is synchronizing applications ahead of sweeping approvals for all 12 issuers including BlackRock and Grayscale.</p>
 <p>The likely approval date remains slated for January’s first few weeks. Notably, these predictions are educated guesses based on the SEC’s procedures and do not reflect an iron-clad timeline for a decision.</p>
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    <p lang="en" dir="ltr">Okay. This delay on @hashdex all but confirms for me that this was likely a move to line every applicant up for potential approval by the Jan 10, 2024 deadline. https://t.co/ZKmVSOQExk</p>— James Seyffart (@JSeyff) November 28, 2023
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 <p>Despite the news, Bitcoin (BTC) was up 3% at press time and exchanged hands above $38,000 on crypto exchanges like Binance. The token’s price has experienced three consecutive green months on the back of bullish sentiment surrounding spot Bitcoin ETFs.&nbsp;</p>
 <p>Joshua Lim, former head of derivatives at Genesis, noted that institutional players are taking long positions ahead of a potential SEC approval.</p>
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    <p lang="en" dir="ltr">9/ or perhaps in true crypto fashion we might get a profit-taking derisking event even in advance of the official ETF approval to inflict max pain on lazy longs, followed by a grind higher into the halving (h/t @mastermind_cam for some enlightening conversation around this)</p>— Joshua Lim (@joshua_j_lim) November 28, 2023
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> SEC Commissioner on spot Bitcoin ETFs: “No reason to block”
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/sec-extends-comment-window-for-franklin-templeton-and-hashdex-bitcoin-etfs-tbt71976.html">https://thebittimes.com/sec-extends-comment-window-for-franklin-templeton-and-hashdex-bitcoin-etfs-tbt71976.html</a></p>

SEC extends comment window for Franklin Templeton and Hashdex Bitcoin ETFs

TheBitTimes

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