BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

SEC Delays Franklin Crypto ETF Decision to January 2025

by Sham
November 20, 2024
in Business, Crypto
A A
SEC Delays Franklin Crypto ETF Decision to January 2025
3
SHARES
Share on TwitterShare on Reddit
  • • The SEC has delayed its decision on Franklin Templeton’s application to launch a crypto index ETF offering exposure to Bitcoin and Ethereum until January 6, 2025
  • • President Donald Trump’s victory in the US elections has resulted in heightened market optimism, with many firms expecting a favorable regulatory environment for the crypto industry
  • • US regulators recently gave final approvals to launch options trading for spot Bitcoin ETFs from BlackRock, Bitwise, and Grayscale, with BlackRock’s IBIT options recording nearly $2 billion in trading volume on the first day

The US Securities and Exchange Commission (SEC) has delayed its decision on Franklin Templeton‘s application to launch a crypto index exchange-traded fund (ETF) offering exposure to Bitcoin (BTC) and Ethereum (ETH) to Jan 6, 2025. The SEC initially had a 45-day deadline to decide, which would have fallen on Nov 22. However, under Section 19b2 of the Securities Exchange Act of 1934, the SEC can extend this period up to 90 days if it finds the additional time necessary to evaluate the rule change and any associated issues.

NEW: 🇺🇸 SEC has delayed its decision on Franklin Templeton’s Bitcoin $BTC and Ethereum $ETH Index ETF application to January 6, 2025

— BlockNews (@blocknewsdotcom) November 20, 2024

Franklin Templeton’s Proposed Crypto Index ETF

If approved, the Franklin Crypto Index ETF filed on Aug 17 would trade on the Cboe BZX Exchange under the Franklin Crypto Trust with the ticker EZPZ.

Flourishing ETF Ecosystem

Brazilian asset manager Hashdex filed to launch its own crypto index ETF in June. The Hashdex Nasdaq Crypto Index US ETF would track BTC and ETH.

At the same time, asset managers in the US are seeking the approval of ETFs tracking other crypto such as XRP, Solana (SOL), Hedera (HBAR), and Litecoin (LTC).

President Donald Trump‘s victory in the US elections has resulted in heightened market optimism, with many firms expecting a favorable regulatory environment for the industry in the coming months. VanEck previously stated that its Solana ETF was a bet on Trump’s reelection and expects the application to be greenlighted under his administration.

US regulators recently gave final approvals to launch options trading for spot Bitcoin ETFs, namely BlackRock’s IBIT, Bitwise’s BITB, and Grayscale’s GBTC.

IBIT options recorded nearly $2 billion in trading volume on the first day of trading, with analysts commenting that the numbers were remarkable.

blockhead.co

Conclusion

The SEC’s delay of Franklin Templeton’s proposed crypto index ETF continues the wait for a spot Bitcoin and Ethereum ETF in the US. However, the flourishing ETF ecosystem and options trading approvals signal an increasingly favorable regulatory environment that could pave the way for additional product launches in 2025. The election of President Trump for a second term is expected to further accelerate crypto adoption and innovation.

Tags: cryptoDonald TrumpFranklin TempletonsecSpot bitcoin ETFs
Tweet1ShareShare1

DON'T MISS THESE! HOT OFF THE PRESS

Yuga Labs Sells Off Moonbirds IP to Double Down on Bored Apes and Otherside — Bullish Signal for BAYC?
Crypto

Yuga Labs Sells Off Moonbirds IP to Double Down on Bored Apes and Otherside — Bullish Signal for BAYC?

May 30, 2025
These 3 Cryptos Could Become Industry Standards in the Next 5 Years
Bitcoin

These 3 Cryptos Could Become Industry Standards in the Next 5 Years

May 30, 2025
These 3 Crypto Coins Could SKYROCKET in the Next 3 Months: Still Early
Crypto

These 3 Crypto Coins Could SKYROCKET in the Next 3 Months: Still Early

May 30, 2025
BTC AT RISK: Quantum Tech Threatens Bitcoin’s Security, Warns Billionaire Chamath Palihapitiya
Bitcoin

BTC AT RISK: Quantum Tech Threatens Bitcoin’s Security, Warns Billionaire Chamath Palihapitiya

May 30, 2025
JPMorgan Issues Bearish Outlook on Ethereum: Should You Sell or Buy?
Crypto

JPMorgan Issues Bearish Outlook on Ethereum: Should You Sell or Buy?

May 30, 2025
Solana SOL Price Falls Below $160 with Memecoin Market Slump: Should You Sell or Buy Now?
Crypto

Solana SOL Price Falls Below $160 with Memecoin Market Slump: Should You Sell or Buy Now?

May 30, 2025
Load More

Related News

Elon Musk Steps Down from DOGE, Remains Trump Advisor

Elon Musk Steps Down from DOGE, Remains Trump Advisor

May 30, 2025
Yuga Labs Sells Off Moonbirds IP to Double Down on Bored Apes and Otherside — Bullish Signal for BAYC?

Yuga Labs Sells Off Moonbirds IP to Double Down on Bored Apes and Otherside — Bullish Signal for BAYC?

May 30, 2025
These 3 Cryptos Could Become Industry Standards in the Next 5 Years

These 3 Cryptos Could Become Industry Standards in the Next 5 Years

May 30, 2025
These 3 Crypto Coins Could SKYROCKET in the Next 3 Months: Still Early

These 3 Crypto Coins Could SKYROCKET in the Next 3 Months: Still Early

May 30, 2025
BTC AT RISK: Quantum Tech Threatens Bitcoin’s Security, Warns Billionaire Chamath Palihapitiya

BTC AT RISK: Quantum Tech Threatens Bitcoin’s Security, Warns Billionaire Chamath Palihapitiya

May 30, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.