Misunderstanding of the news that giant asset manager Franklin Templeton’s spot Bitcoin (BTC) ETF application was accepted by the SEC caused confusion.
under management 1.5 trillion dollarFranklin Templeton, who had more than September 12to the US Securities and Exchange Commission (SEC) in spot Bitcoin exchange-traded fund (ETF) had applied. by a news site on September 28 SEC to Franklin Templeton’s Bitcoin ETF application “The green light has come” news on the cryptocurrency market misunderstanding It caused chaos.
The news in question was reported by many global phenomena and cryptocurrency news sources. TSI again yesterday evening shared. In the news, Franklin Templeton for spot Bitcoin ETF only application has been accepted Although it is stated that many sources “ETF approval” He launched it as follows:
That being the case, the news is from the SEC that the ETF has been approved for trading. understood. However, as stated, as the SEC has previously done for other applications, It was only announced that the application was accepted.
full of this 4 days for Franklin Templeton’s spot Bitcoin ETF application by SEC was accepted for review.
After the incident escalated, Bloomberg ETF analyst James Seyffart commented on the issue: explanation By doing so, the SEC has not yet Green light for spot Bitcoin ETF He stated that it did not burn.
On the other hand, the first decision date for Franklin Templeton’s spot Bitcoin ETF application November 17, 2023 It was announced as. To date, the SEC has not make a decision regarding approval or rejection or postpone this decision Waiting.
Currently any spot Bitcoin ETFThere has been no approval for the opening of .
What happened last night in Bitcoin? $1,000 The sudden rise is thought to be related to this news. According to CoinGecko data bitcoin, while writing 28,400 It is traded in dollars.