Bitcoin

Bitcoin ETF

Key Points:<ul><li>SEC’s early update on Franklin Templeton sparks speculation.</li><li>Analyst hints at potential ‘full wave’ of approvals by January 2024.</li><li>Hashdex ETF filing adds to the anticipation in the crypto market.</li></ul>In a surprising turn of events, the U.S. Securities and Exchange Commission (SEC) has set tongues wagging in the financial world by issuing an early update on the proposed spot bitcoin Exchange Traded Fund (ETF) by Franklin Templeton. The SEC’s decision to provide an <a href="https://www.sec.gov/files/rules/sro/cboebzx/2023/34-99030.pdf" rel="noopener noreferrer nofollow">update</a> well ahead of the scheduled January 1, 2023 deadline has sparked speculation about a possible domino effect in the approval process for other spot <a href="https://cryptosnewss.com/invesco-galaxy-bitcoin-etf-progress-on-the-dtcc-website/" rel="noopener noreferrer nofollow">Bitcoin ETF</a> filings.The SEC’s preemptive move came after it called for public input on Franklin Templeton’s application, seeking feedback on whether the proposed rule change to list the Franklin Bitcoin ETF should be approved or disapproved. This development aligns with the ongoing delay in decisions for various Bitcoin ETF filings, including those from prominent players like Blackrock and Fidelity.Bloomberg analyst James Seyffart, however, suggests that there might be more strategic intent behind the SEC’s early decision on Franklin Templeton. Seyffart speculates that this move could be part of a broader strategy to streamline multiple spot Bitcoin ETF filings for potential mass approval by the upcoming January 10, 2024 deadline.The SEC’s parallel initiation of <a href="https://www.sec.gov/files/rules/sro/nysearca/2023/34-99031.pdf" rel="noopener noreferrer nofollow">proceedings</a> on the Hashdex ETF filing further adds fuel to Seyffart’s theory. The commission’s decision to open the floor for public comments on the Hashdex Bitcoin Futures ETF filing suggests a systematic approach in the evaluation of various ETF proposals.Seyffart remains cautiously optimistic about the potential for a wave of approvals, stating, “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.” However, he warns that approvals, if granted, may not necessarily translate into an immediate launch._______________________________________________________________________________________Stay connected with us on <a href="https://news.google.com/publications/CAAqBwgKMLrrowwwzOOyBA" rel="noopener noreferrer nofollow">Google News</a>, <a href="https://t.me/cryptosnewsss" rel="noopener noreferrer nofollow">Telegram</a>, <a href="https://twitter.com/NewssCryptos" rel="noopener noreferrer nofollow">Twitter</a>, and <a href="https://www.facebook.com/profile.php?id&#61;100089949049302" rel="noopener noreferrer nofollow">Facebook</a> to stay updated on the latest developments and engaging discussions in the realm of CryptosNewss.Disclaimer: Please note that the viewpoints and perspectives expressed by the author, as well as any individuals referenced in this article, are intended solely for informational purposes. They should not be construed as financial or investment advice. It’s important to acknowledge that investing in or trading cryptoassets carries inherent financial risks.Originally published at <a href="https://cryptosnewss.com/secs-accelerated-decisions-a-glimpse-into-the-future-of-bitcoin-etf-approvals/" rel="noopener noreferrer nofollow">https://cryptosnewss.com</a> on November 29, 2023.

SEC’s Accelerated Decisions: A Glimpse into the Future of Bitcoin ETF Approvals

Cryptos Newss

Other articles published on Nov 29, 2023

Kaspa (KAS) Forms Symmetrical Triangle Pattern with Potential Surge to This Price: Analyst

CZ Zhao Has to Stay in the U.S. Ahead of Sentencing in February Next Year

Ripple CTO David Schwartz calls for legislative action to clarify crypto regulations

Coldstack (CLS) Coin Price Prediction 2024: How High Will CLS Coin Price Go?

Kripto Unik Pepecoin (PEPE), Dogecoin (DOGE), dan Slayboy Token (SLAY)

Information About Current Placements of QUA (Quasacoin)

Join our free newsletter for daily crypto updates!