SEC delays making a decision on Franklin Crypto Index ETF dubbed EZPZ
Quick Take Franklin Templeton in August filed a registration statement with the agency for the Franklin Crypto Index ETF that would hold both ether and bitcoin. The SEC decided to postpone deciding whether to approve, disapprove or “institute proceedings,” according to a filing on Wednesday.
The U.S. Securities and Exchange Commission pushed back the date to decide how to move forward with a proposal for a combined ether and bitcoin exchange-traded fund.
Investment firm Franklin Templeton previously filed a registration statement with the agency for the Franklin Crypto Index ETF in August that would hold both cryptocurrencies under the ticker EZPZ.
The SEC decided to postpone making a decision whether to approve, disapprove or "institute proceedings," according to a filing on Wednesday.
"The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein," the agency said.
The proposed Franklin Crypto Index ETF, if approved, would be listed on the Cboe BZX Exchange and use Coinbase Custody Trust Company LLC as its digital asset custodian.
The SEC's filing comes a day after spot bitcoin ETF options went live . Firms started trying to list and trade options for spot bitcoin ETFs after the SEC approved 11 spot bitcoin ETFs in January . The agency also approved spot Ethereum ETFs in May.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
PARTI +66800% in 1 Year Amid Volatile Short-Term Downturn
- PARTI plummeted 62.11% in 24 hours but surged 66,800% over 12 months, highlighting extreme volatility. - The sharp swings reflect speculative trading and rapid sentiment shifts, attracting algorithmic strategies. - Analysts suggest backtesting strategies with 10%+ daily drops as triggers, emphasizing liquidity and sentiment as key drivers.
Solana News Today: Crypto Advocates Bankroll Developer Defense in Legal Battle Over Privacy Tools
- Solana Policy Institute donates $500K to defend Tornado Cash developer Roman Storm, facing up to 5 years in prison for unlicensed money transmission. - The case highlights crypto industry fears of criminal liability for decentralized tool creators, following co-developer Alexey Pertsev's Dutch conviction. - DOJ signals potential policy shift: no charges for "truly decentralized" software developers, even if platforms enable illicit activity. - 114 crypto firms urge Senate to exempt decentralized software
Bitcoin News Today: Luxxfolio Bets Big on Litecoin's "Digital Silver" Rise
- Canadian crypto firm Luxxfolio shifts focus to Litecoin (LTC), seeking $73M funding to capitalize on its faster transactions and lower fees compared to Bitcoin. - Litecoin's "digital silver" status grows as adoption rises, with 76.22M circulating coins and technical analysis projecting potential $626 price by 2023. - Strategic pivot reflects industry trend toward altcoins with real-world use cases, as Litecoin gains merchant acceptance and integrates privacy-enhancing protocols. - The move highlights Lit
Bitcoin News Today: U.S. Government Bets Big on Bitcoin’s National Security Potential
- U.S. CIA integrates Bitcoin into counter-intelligence operations, collaborating with law enforcement to monitor transactions as a national security priority. - Commerce Department publishes GDP data on Bitcoin blockchain via cryptographic hashes, endorsing blockchain as a supplementary data integrity tool. - CFTC enables offshore crypto exchanges to serve U.S. investors via FBOT registration, aligning with Trump's "crypto sprint" to modernize regulations. - Senator Lummis proposes Bitcoin Reserve bill to
Trending news
MoreCrypto prices
More
