Market News

SEC Seeks Public Input on Franklin Templeton and Hashdex’s Proposed Bitcoin ETFs: Make Your Voice Heard!

Bitcoin, ETFs, Franklin, Hashdexs, Heard, Input, Proposed, Public, SEC, Seeks, Templeton, Voice

Want to invest in bitcoin through an ETF? The SEC is seeking public feedback on proposed spot bitcoin ETFs from Franklin Templeton and Hashdex. Have your say and help shape the future of cryptocurrency investments.

The Securities and Exchange Commission has requested public feedback on the approval of a spot bitcoin ETF proposed by Franklin Templeton, just weeks after delaying a decision on the fund. The SEC wants more analysis on concerns regarding manipulation and fraud, as well as the fund’s relationship to Coinbase, the proposed custodian.

The move by the SEC has prompted speculation among analysts who believe the regulator is moving quickly with its latest action on the Franklin Bitcoin ETF. It is noted that the SEC has yet to approve a spot bitcoin fund and has delayed all applications it’s received for the product so far.

In addition to the Franklin Templeton filing, the SEC will also solicit public feedback on an application for the Hashdex Bitcoin Futures ETF, which is proposed to convert into a partial spot product listed on the New York Stock Exchange.

The SEC’s request for feedback suggests that the regulator is carefully analyzing the potential impact and risks associated with spot bitcoin ETFs before reaching a decision. This has led to speculation among analysts who believe the SEC is working towards a timely and coordinated approval of spot bitcoin ETFs in early January.

Stay tuned for further updates on the SEC’s decisions and the future of spot bitcoin ETFs in the market.

Leave a Comment