Spot Bitcoin ETF Approval Lined Up By SEC For January 2-10: Expert
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the spot Bitcoin exchange-traded fund (ETF) applications by Franklin Templeton and Hashdex. This delay elongates the timeline for the last two of the 12 Bitcoin ETF applicants, all of whom except for ARK Invest are now waiting for their third deadline. A comment period of 35 days, during which the public can submit their opinions and responses, has been started. Analysts suggest that the SEC may be trying to align the applications for potential simultaneous approval by January 10, 2024. Franklin Templeton submitted an updated prospectus for their Bitcoin ETF, further corroborating theories that the SEC seeks a uniform launch date to maintain fairness. Bitcoin value stands at $38,080 as of the press release.
