t was recently confirmed that The United States’s Securities and Exchange Commissions has decided to delayed the Franklin Templeton’s crypto index ETF vote to approximately early January inn 2025. It is important to note that the previous agreed date was set for November 22; however, the SEC under the Securities Exchange Act has the power to make the review period for up to 90 days.
ETF Details
Moreoever, Franklin Crypto Index ETF would be listed at the Cboe Exchange under thefollowing ticker: “EZPZ” in order to invest in Bitcoin and Ethereum as well as other potential digital assets in the future. This comes as more fund managers troop to the SEC seeking approval to launch crypto ETFs for their clients.
Market Context
The delay happens at the time when the outlook for the crypto market becomes brighter, especially after expectations for a more favorable regulation of cryptocurrencies under the Trump administration. Other recent approvals to clear Bitcoin ETF spot trading have the added the fuel to industry’s excitement.
Regulatory Timeline
The extended review provides a view of the increased vigilance of US regulators to investments in cryptocurrencies and increased scrutiny of crypto-based financial instruments.
