SEC Delays Decision on Franklin Templeton’s Bitcoin and Ethereum Index ETF

The SEC has pushed back its decision on Franklin Templeton’s proposed Bitcoin and Ethereum index ETF.

A filing from November 20, 2024, revealed that the deadline for a decision on the Franklin Crypto Index ETF has been extended to January 6, 2025.

The proposal, initially filed on September 19, 2024, was opened for public comment on October 8.

The original 45-day review period was set to end on November 22, 2024, but the SEC will now take additional time to consider the proposal.

As of now, no public comment letters have been submitted regarding the proposed rule change.

Franklin Templeton, a firm managing assets totaling over $1.5 trillion, has already launched approved spot Bitcoin and Ethereum ETFs earlier this year, marking significant milestones in the crypto ETF space.