Decisions on approvals for both Franklin Templeton’s and Global X’s spot bitcoin ETF applications have been delayed by the U.S. Securities and Exchange Commission (SEC), according to a just-released note.
The deadline for the SEC to move on Franklin Templeton was today and on Global X’s attempt was Nov. 21; with these delays, the new deadlines move into early 2024.
Few had expected any spot bitcoin ETF approvals this week, so the SEC’s action comes as little surprise. Bitcoin (BTC) is trading at $36,450, up modestly for the day.
Updated (18:45 UTC, Nov. 17): Added Franklin Templeton news to the story.