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International Business Times

Business

Nica Osorio

SEC's Latest Move On Franklin Templeton Triggers Speculations On 'Full Wave' Spot Bitcoin ETF Approvals

SEC Franklin Bitcoin Cathie Wood ETF James Seyffart ARK Ark Invest Eric Balchunas Scott Johnson

KEY POINTS

The SEC's decision on the spot Bitcoin ETF application of Franklin came way too early from the scheduled deadline of Jan. 1, 2024
The regulator's latest move on Franklin might also apply to Hashdex
There are speculations that the SEC might approve multiple spot Bitcoin ETFs at the same time

The U.S. Securities and Exchange Commission on Tuesday delayed the approval of Franklin Templeton Investments' spot Bitcoin exchange-traded fund (ETF) application. The regulator's announcement came way too early as the deadline was set for Jan. 1, 2024. This has surprised industry watchers, triggering speculations that the SEC could be hinting at a "full wave" of spot Bitcoin ETF approvals.

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