“Have your say on the proposed Bitcoin ETFs by Franklin Templeton and Hashdex as the SEC opens public comments. Your input could help shape the future of cryptocurrency investments. Share your thoughts now!”
The U.S. Securities and Exchange Commission has opened the door for public feedback on the applications for spot Bitcoin ETFs from Franklin Templeton and Hashdex, a move that has excited crypto enthusiasts. Filings were published on Nov. 28, instituting proceedings to receive public commentary on the proposed Franklin Bitcoin ETF and Hashdex Bitcoin Futures ETF funds. The SEC is calling for interested parties to provide comments on various issues, including the market manipulation susceptibility of Bitcoin, the proposed funds, and the exchanges on which the ETFs would trade. This move has been interpreted as a precursor to the potential approval of multiple spot Bitcoin ETF proposals around early January. However, it’s important to note that the SEC’s filing only concerns the prospective issuers’ 19b-4 filings, and approval could happen without immediate launch. Despite the bullishness surrounding the news, there are discussions about potential denials of the applications. The news of the SEC’s proceedings has prompted bullish market momentum and new highs for Bitcoin in 2023. The SEC’s requests for feedback on various concerns highlight the careful approach being taken in considering the approval of spot Bitcoin ETFs. It’s an exciting time for the crypto world as the potential approval of these ETFs could bring about significant changes in the market.