SEC extends decision period for Global X, Franklin Templeton spot Bitcoin ETFs

• 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.