The US Securities and Exchange Commission (SEC) postponed ETF applications submitted by two different companies.
SEC continues to delay spot Bitcoin applications. Finally, by the regulatory body 18 November In the press release made on 2020, “Global X company”Global X Bitcoin Trust” and Franklin Templeton’s “Shares of Franklin Bitcoin ETFIt was stated that the final decision was postponed.
Regulatory agency Global X Bitcoin Trust ETF application deadline 22 December While the decision date for Shares of Franklin Bitcoin ETF is By the beginning of 2024 postponed.
SEC on Global X Bitcoin Trust ETF public opinion By creating a comment period for the next 3within 5 days He stated that he is ready to listen to any feedback.
Recently both Grayscale’s futures Ethereum (ETH) both the exchange traded fund (ETF) application and Hashdex The SEC postponed the application to convert the existing forward Bitcoin ETF into a spot ETF to a later date. delay with his move It didn’t surprise me either.
The SEC has a number of spot Bitcoin and Ethereum ETF applications to decide on. Experts say the SEC is postponing decisions on applications to gain time for now, but 2024 It is very likely that these spot Bitcoin ETF applications will be will be approved he thinks.