SEC delays Franklin Templeton crypto index ETF decision

CoinMarketCap11-21

The United States Securities and Exchange Commission (SEC) has delayed a decision to approve the Franklin Templeton Crypto Index ETF until early 2025. In a Nov. 20 letter, the regulatory agency ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSEC delays Franklin Templeton crypto index ETF decision\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-21 06:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/673e61b199cbd9514ad05118/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The United States Securities and Exchange Commission (SEC) has delayed a decision to approve the Franklin Templeton Crypto Index ETF until early 2025.\nIn a Nov. 20 letter, the regulatory agency ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/673e61b199cbd9514ad05118/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2089279066.USD","symbol_name":"ALLIANZ GLOBAL WATER \"AT\" (USD) ACC","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/673e61b199cbd9514ad05118/","article_id":"2485177406","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/0722538e5b17483a927c65ec48ebdc53.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485177406","pubTimestamp":1732141487,"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"The United States Securities and Exchange Commission  has delayed a decision to approve the Franklin Templeton Crypto Index ETF until early 2025.In a Nov. 20 letter, the regulatory agency explained that it received no comments after publishing the proposed rule change to list the crypto index ETF on the Federal Register on Oct. 8, 2024. SEC officials wrote:. \"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 SEC continued, “Accordingly, the Commission, pursuant to Section 19 of the Act, designates January 6, 2025, as the date by which the Commission shall either approve or disapprove or institute proceedings to determine whether to disapprove, the proposed rule change.”In August, Franklin Templeton applied for a crypto index ETF with the SEC. At the time, head of research at the Sygnum crypto bank Katalin Tischhaus","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2089279066.USD":"ALLIANZ GLOBAL WATER \"AT\" (USD) ACC","FDN":"First Trust Dow Jones Internet I","BK4588":"碎股","BK4550":"红杉资本持仓","BTC":"Grayscale Bitcoin Mini Trust","BK4161":"工业机械","FELE":"富兰克林电子","ETH":"Grayscale Ethereum Mini Trust","BK4585":"ETF&股票定投概念","BK4601":"加密货币现货ETF","LU2229751404.USD":"ALLIANZ GLOBAL WATER \"AT3\" (USD) ACC","BK4594":"比特币ETF概念"},"translate_title":"SEC推迟富兰克林邓普顿加密指数ETF决定","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FELE":1,"FDN":1,"ETH":1,"BTC":1},"content_text":"The United States Securities and Exchange Commission (SEC) has delayed a decision to approve the Franklin Templeton Crypto Index ETF until early 2025.\nIn a Nov. 20 letter, the regulatory agency explained that it received no comments after publishing the proposed rule change to list the crypto index ETF on the Federal Register on Oct. 8, 2024. SEC officials wrote:\n\n \"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.”\n\nThe SEC continued, “Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act, designates January 6, 2025, as the date by which the Commission shall either approve or disapprove or institute proceedings to determine whether to disapprove, the proposed rule change.”\n\n\nThe SEC letter asking for more deliberation time. Source: SEC\n\n\nRelated: US regulators mull approving Grayscale crypto index ETF\nIndustry waits for long-anticipated crypto index ETFs\nIn August, Franklin Templeton applied for a crypto index ETF with the SEC. At the time, head of research at the Sygnum crypto bank Katalin Tischhauser told Cointelegraph that crypto index ETFs were “The next logical step” for the digital asset markets.\nTischhauser explained that indexes allow investors to participate in the upside of the markets without having to pick individual winners and make extensive, time-consuming, and often costly mistakes. This efficiency is what has driven the meteoric popularity of stock indexes such as the S&P 500, the researcher asserted.\nAs such, Franklin Templeton is far from the only firm looking to launch a crypto index ETF in the United States. In October, the New York Stock Exchange expressed interest in listing Grayscale's crypto index ETF and sought permission from US regulators to list the financial vehicle for trading.\nMore recently, in November, US regulators indicated they were considering listing the Grayscale ETF. \nThe approval of the Grayscale crypto index ETF would mark the first of its kind in the United States and would unlock new capital flows into the digital asset markets — similar to the inflows from the Bitcoin (BTC) and Ether (ETH) ETFs approved earlier in 2024.\nMagazine: Bitcoin ETFs make Coinbase a ‘honeypot’ for hackers and governments: Trezor CEO","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485177406"}