Share this article
BTC
$83,324.85
+
5.48%ETH
$1,563.96
+
3.77%USDT
$0.9995
+
0.02%XRP
$2.0209
+
3.41%BNB
$584.81
+
1.59%SOL
$121.08
+
7.87%USDC
$0.9999
-
0.01%DOGE
$0.1595
+
3.97%TRX
$0.2433
+
3.71%ADA
$0.6226
+
2.67%LEO
$9.3875
-
0.28%LINK
$12.63
+
4.89%AVAX
$19.12
+
3.97%TON
$2.9104
+
0.28%XLM
$0.2336
+
1.79%SHIB
$0.0₄1220
+
4.94%SUI
$2.1793
+
3.79%HBAR
$0.1668
-
0.15%BCH
$312.16
+
7.21%OM
$6.4021
-
0.32%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
SEC Delays Decisions on Franklin Templeton and Global X Spot Bitcoin ETFs
The moves were expected and aren't having any immediate effect on the bitcoin price.
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.
STORY CONTINUES BELOW
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.
Stephen Alpher
Stephen is CoinDesk's managing editor for Markets. He previously served as managing editor at Seeking Alpha. A native of suburban Washington, D.C., Stephen went to the University of Pennsylvania's Wharton School, majoring in finance. He holds BTC above CoinDesk’s disclosure threshold of $1,000.
