SEC extends decision period for Global X, Franklin Templeton spot Bitcoin ETFs
The U.S. Securities and Exchange Commission (SEC) extended its decision period for two pending spot Bitcoin ETFs in separate Nov. 17 filings....
- The U.S. Securities and Exchange Commission (SEC) is extending its decision-making period for two pending spot Bitcoin Exchange Traded Funds (ETFs).
- The first filing is for a proposed rule change to allow Cboe BZX Exchange to list GlobalX's spot Bitcoin ETF. The SEC will decide on the rule change by February 2024.
- The second filing is for a similar rule change for a spot Bitcoin ETF from Franklin Templeton. The SEC will decide on this application by January 1, 2024.
- The SEC is seeking comments and input on market manipulation, surveillance-sharing agreements, and other concerns related to spot Bitcoin ETFs.
- Some experts believe there is a 90% chance of an ETF approval by January 2024.
The sentiment of the article is mixed. While there are delays in the decision-making process for the spot Bitcoin ETFs, some experts have a positive outlook and believe there is a high chance of approval.