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.

AccessTimeIconNov 17, 2023 at 8:15 p.m. UTC
Updated Mar 8, 2024 at 5:19 p.m. UTC

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.


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Stephen  Alpher

Stephen Alpher is CoinDesk's managing editor for Markets. He holds BTC above CoinDesk’s disclosure threshold of $1,000.

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