The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the Franklin Crypto Index ETF, proposed by Franklin Templeton, which aims to combine Ethereum and Bitcoin. The SEC decided to extend the review period to allow for more thorough consideration of the relevant rule changes and issues. If approved, the ETF will be listed on the Cboe BZX exchange and will use Coinbase Custody Trust Company LLC as the digital asset custodian. The SEC's decision comes after the launch of options for spot Bitcoin ETFs.

PANews, November 21 news, according to The Block, the U.S. Securities and Exchange Commission (SEC) has postponed its decision on the Franklin Crypto Index ETF (ticker: EZPZ) application submitted by Franklin Templeton. This ETF plans to hold both Bitcoin and Ethereum assets, with Coinbase Custody Trust Company LLC serving as the digital asset custodian. If approved, it will be listed on the Cboe BZX exchange.
After receiving the application in August, the SEC announced this Wednesday that it would extend the evaluation period to fully consider the relevant issues in the proposal. This postponement decision aligns with recent market dynamics, including the launch of Bitcoin spot ETF options and the related trading rules for Bitcoin and Ethereum spot ETFs approved earlier this year.
PANews, November 21 news, according to The Block, the U.S. Securities and Exchange Commission (SEC) has postponed its decision on the Franklin Crypto Index ETF (ticker: EZPZ) application submitted by Franklin Templeton. This ETF plans to hold both Bitcoin and Ethereum assets, with Coinbase Custody Trust Company LLC serving as the digital asset custodian. If approved, it will be listed on the Cboe BZX exchange.
After receiving the application in August, the SEC announced this Wednesday that it would extend the evaluation period to fully consider the relevant issues in the proposal. This postponement decision aligns with recent market dynamics, including the launch of Bitcoin spot ETF options and the related trading rules for Bitcoin and Ethereum spot ETFs approved earlier this year.

PANews, November 21 — According to The Block, the U.S. Securities and Exchange Commission (SEC) has postponed its decision on Franklin Templeton's application for the Franklin Crypto Index ETF (Ticker: EZPZ). This ETF plans to hold both Bitcoin and Ethereum assets, with Coinbase Custody Trust Company LLC serving as the digital asset custodian. If approved, it will be listed on the Cboe BZX exchange.

After receiving the application in August, the SEC stated on Wednesday that it would extend the evaluation period to fully consider the relevant issues raised in the proposal. This postponement aligns with recent market dynamics, including the launch of Bitcoin spot ETF options and the associated trading rules for Bitcoin and Ethereum spot ETFs that were approved earlier this year.

The SEC has postponed its decision on the Franklin Dual-Currency Crypto Index ETF EZPZ.

Foresight News reports that the U.S. Securities and Exchange Commission (SEC) has postponed its decision on the Franklin Templeton Crypto Index ETF EZPZ. Previously, Franklin Templeton submitted a registration statement to the agency in August. This ETF will hold both ETH and BTC, and if approved, will be listed on the Cboe BZX exchange, with Coinbase Custody Trust Company LLC serving as its digital asset custodian. The SEC stated in the document, "It is appropriate to designate a longer period to take action on the proposed rule change in order to have sufficient time to consider the proposed rule change and the issues raised therein."Foresight News reports that the U.S. Securities and Exchange Commission (SEC) has postponed its decision on the Franklin Templeton Crypto Index ETF EZPZ. Previously, Franklin Templeton submitted a registration statement to the agency in August. This ETF will hold both ETH and BTC, and if approved, will be listed on the Cboe BZX exchange, with Coinbase Custody Trust Company LLC serving as its digital asset custodian. The SEC stated in the document, "It is appropriate to designate a longer period to take action on the proposed rule change in order to have sufficient time to consider the proposed rule change and the issues raised therein."

Foresight News reports that the U.S. Securities and Exchange Commission (SEC) has delayed its decision on the Franklin Templeton crypto index ETF EZPZ. Previously, Franklin Templeton submitted a registration statement to the agency in August. This ETF will hold both ETH and BTC, and if approved, it will be listed on the Cboe BZX exchange, using Coinbase Custody Trust Company LLC as its digital asset custodian. The SEC stated in the document, "Designating a longer period to take action on the proposed rule change is appropriate to allow sufficient time to consider the proposed rule change and the questions raised by it."

The U.S. SEC has postponed its decision on the Franklin Templeton Crypto Index ETF EZPZ.

Odaily Planet Daily News - The U.S. SEC has postponed its decision on the Franklin Crypto Index ETF (EZPZ). Franklin Templeton submitted a registration statement to the agency in August, indicating that the ETF will hold both ETH and BTC. If approved, it will be listed on the Cboe BZX exchange and will use Coinbase Custody Trust Company LLC as its digital asset custodian. The SEC stated in the document: "The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed rule change, so that there is adequate time to consider the proposed rule change and the issues raised therein." (The Block)

Odaily Planet Daily News: The U.S. SEC has postponed its decision on the Franklin Crypto Index ETF (EZPZ). Franklin Templeton submitted a registration statement to the agency in August, and this ETF will hold both ETH and BTC. If approved, it will be listed on the Cboe BZX exchange and will use Coinbase Custody Trust Company LLC as its digital asset custodian. The SEC stated in the document: "The Commission believes that designating a longer period to take action on the proposed rule change is appropriate to allow sufficient time to consider the proposed rule change and the issues raised therein." (The Block)

The SEC has postponed its decision on the Franklin Crypto Index ETF EZPZ.

According to Deep Tide TechFlow, on November 21, The Block reported that the U.S. Securities and Exchange Commission (SEC) has announced a delay in making a decision on the cryptocurrency ETF application submitted by Franklin Templeton. The fund plans to hold both Bitcoin and Ethereum and intends to list under the ticker EZPZ on the Cboe BZX exchange, with Coinbase Custody Trust Company LLC serving as the digital asset custodian. Franklin Templeton submitted the registration application for this product in August 2024. The SEC stated that it needs more time to review the proposal and related issues.

According to a report from The Block on November 21, Deep Tide TechFlow announced that the U.S. Securities and Exchange Commission (SEC) has decided to delay its decision on the cryptocurrency ETF application submitted by Franklin Templeton. The fund plans to hold both Bitcoin and Ethereum and intends to list under the ticker EZPZ on the Cboe BZX exchange, with Coinbase Custody Trust Company LLC serving as the digital asset custodian. Franklin Templeton submitted the registration application for this product in August 2024. The SEC stated that it needs more time to review the proposal and related issues.

The SEC has delayed the review of Franklin Templeton's application for a cryptocurrency index ETF, which is intended to hold both Bitcoin and Ethereum simultaneously.

BlockBeats News, on November 21, reported by The Block, that according to a document released on Wednesday, the U.S. SEC has postponed its decision on the Franklin Crypto Index ETF EZPZ. Franklin Templeton submitted a registration statement for the Franklin Crypto Index ETF to the agency in August, which will hold both Ethereum and Bitcoin. If approved, the proposed Franklin Crypto Index ETF will be listed on the Cboe BZX exchange and will use Coinbase Custody Trust Company LLC as its digital asset custodian. The SEC stated in the document, "The Commission believes that a longer period should be designated to take action on the proposed rule change to allow sufficient time to consider the proposed rule change and the questions raised therein."

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the Franklin Crypto Index ETF EZPZ. Franklin Templeton submitted the registration statement for the Franklin Crypto Index ETF to the agency in August, which will hold Ethereum and Bitcoin. If approved, the ETF will be listed on the Cboe BZX exchange and will use Coinbase Custody Trust Company LLC as its digital asset custodian. The SEC stated in the filing, "The Commission believes that designating a longer period to take action on the proposed rule change is appropriate in order to provide sufficient time to consider the proposed rule change and the issues raised therein."

BlockBeats News, November 21st, according to The Block, the U.S. SEC has delayed a decision on the Franklin Crypto Index ETF EZPZ. Franklin Templeton submitted a registration statement for the Franklin Crypto Index ETF to the agency in August, which will hold both Ethereum and Bitcoin. The proposed Franklin Crypto Index ETF, if approved, will be listed on the Cboe BZX exchange and will use Coinbase Custody Trust Company LLC as its digital asset custodian. The SEC stated in the filing: "The Commission believes that it is 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 has postponed its decision on the Franklin Crypto Index ETF.

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the review of the Franklin Crypto Index ETF. This ETF plans to hold Bitcoin and Ether, with the ticker symbol EZPZ, and is set to be listed on the Cboe BZX exchange, with custody services provided by Coinbase Custody. The SEC stated that it needs more time to review the related rule changes. This postponement decision was made a day after the launch of options for spot Bitcoin ETFs. (TheBlock)

The US Securities and Exchange Commission (SEC) has delayed its decision on the Franklin Crypto Index ETF. The ETF, with the ticker symbol EZPZ, plans to hold Bitcoin and Ethereum and is set to be listed on the Cboe BZX exchange with custody services provided by Coinbase Custody. The SEC stated that it needs more time to review the proposed rule changes. This decision comes one day after the launch of the options for a physically-backed Bitcoin ETF. (TheBlock)

The U.S. Securities and Exchange Commission Delays Decision on Franklin Crypto Index ETF

The U.S. Securities and Exchange Commission (SEC) has postponed Franklin Templeton's decision on its Bitcoin and Ethereum index ETF to January 6, 2025, allowing more time for review. The proposal was initially submitted on September 19, 2024, and the SEC's delay reflects its cautious stance towards cryptocurrency-related products. Franklin Templeton had previously proposed spot Bitcoin and Ethereum ETFs, and if approved, the new ETF would further enrich its crypto investment product portfolio. Additionally, Franklin Templeton has expanded its Benji tokenization platform to the Ethereum network. Meanwhile, Bitwise is also advancing its plans for the ETP conversion of its crypto index fund.

HIGHLIGHTS SEC delays Franklin Templeton Bitcoin and Ethereum ETF decision to January 6, 2025, extending the review period. Franklin Templeton’s ETF proposal was initially filed on Sept 19, 2024. Bitwise filed to list its Bitwise 10 Crypto Index Fund (BITW) as an ETP. The United States Securities and Exchange Commission (US SEC) has further delayed its decision on Franklin Templeton’s Bitcoin and Ethereum index ETF. From the filing made on November 20, 2024, it has been agreed that the decision on the proposal will be made on January 6, 2025 to afford the regulating authority ample time to consider the proposal.
US SEC Extends Review Period for Franklin Templeton Crypto Index ETF
According to the US SEC filing of November 20, 2024, the commission deferred its decision on the Bitcoin and Ethereum index ETF by Franklin Templeton. Therefore, the regulatory body is seeking to extend the review period to January 6, 2025. The extension will help to have more time to consider the application which was filed on September 19, 2024.

The proposal was first published in the Federal Register on October 8, to kick start a thirty-five (35) days review period. As a result, the review was to end on November 22, 2024. Consequently, the review was to expire on November 22, 2024. However, the SEC's decision to delay indicates a thorough approach to reviewing the fund’s compliance with crypto regulations.

Meanwhile, no public comments on the proposed rule change have been submitted, leaving the US SEC to focus on internal assessments. This delay concurs with the commission’s conservative approach to the products that are connected with cryptocurrencies. The extra time will allow more detailed research of fund’s organization and market risks.
Franklin Templeton Expands Push Into Cryptocurrency ETFs
Franklin Templeton is broadening its efforts in the cryptocurrency space with its proposed Bitcoin and Ethereum index ETF. The asset manager, which oversees $1.5 trillion in assets, has previously launched a spot Bitcoin ETF and a spot Ethereum ETF. 

If approved, the latest ETF would add to Franklin Templeton’s portfolio of crypto-focused investment products, further diversifying options for institutional.

In addition, Franklin Templeton has taken a major step in its tokenization efforts, announcing the expansion of its Benji tokenization platform to the Ethereum network. This marks the fifth blockchain integration for the platform this year, following launches on Aptos, Avalanche, Arbitrum, and Coinbase’s Base.

Despite the US SEC overall crypto ETF delays, other market players are moving further with their strategies . Last week, Bitwise submitted a registration statement to transform the Bitwise 10 Crypto Index Fund which now manages $1.3 billion into an ETP. It investments in Bitcoin represent 75% of the fund and Ethereum is 16% of the fund; these two assets sum up to 91%.

Moreover, the filing comes when diversified crypto index funds seem to be gaining popularity among investors. Bitwise’s move will make investing in cryptocurrencies more accessible for retail audiences. When approved, this ETP will also set a paradigm for the expansion of multi-asset crypto based product offerings.

The U.S. SEC has postponed its decision on the Franklin Templeton Crypto Index ETF until 2025.

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on Franklin Templeton's Bitcoin and Ethereum Crypto Index ETF. Franklin Templeton Investments submitted a registration statement in August to launch an ETF that holds these two cryptocurrencies, with the ticker symbol EZPZ. The SEC stated that it needs more time to consider the proposed rule changes and the issues they raise.

According to the official statement, the SEC has postponed its decision on the Franklin Templeton Bitcoin and Ethereum crypto index ETF. Investment firm Franklin Templeton previously filed a registration statement with the agency in August for a Franklin Crypto Index ETF that would hold both cryptocurrencies under the ticker EZPZ. “The Commission finds it appropriate to set a longer time period for taking action on the proposed rule change in order to have sufficient time to consider the proposed rule change and the issues raised therein,” the SEC said. *This is not investment advice.

The SEC has postponed its decision on Franklin Templeton's Bitcoin and Ethereum ETF.

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.

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the Franklin Templeton Crypto Index ETF. According to Eric Balchunas, the launch of a Bitcoin ETF in the U.S. is the most successful ETF launch in history.

<img src='https://sosovalue.s3.us-west-2.amazonaws.com/sosovalue/web3image/24/11/21/yeocttb2oogu.png'/>According to Eric Balchunas, the launch of the Bitcoin ETF in the United States was the most successful ETF launch in history.

The SEC has postponed its decision on the Franklin Templeton Crypto Index ETF.

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the Franklin Templeton Bitcoin and Ethereum Index ETF, extending the deadline to January 6, 2025.

The SEC delays its decision on Franklin Templeton's Bitcoin and Ethereum ETF, extending the deadline to January 6, 2025.
The post <a href="https://cryptobriefing.com/sec-delays-franklin-templeton-etf/" target="_blank">SEC delays decision on Franklin Templeton Bitcoin &amp; Ethereum index ETF</a> appeared first on <a href="https://cryptobriefing.com" target="_blank">Crypto Briefing</a>.

美国证券交易委员会（SEC）推迟了对Franklin Templeton提出的Franklin Crypto Index ETF的决定，该ETF旨在结合Ethereum和Bitcoin。SEC决定延长审查期限，以便对相关规则变更和问题进行更全面的考虑。如果获得批准，该ETF将上市于Cboe BZX交易所，并将使用Coinbase Custody Trust Company LLC作为数字资产保管人。SEC的决定是在现货Bitcoin ETF期权推出后做出的。

美国证券交易委员会已推迟对Franklin Crypto Index ETF的决定。

美國證券交易委員會（SEC）推遲了對Franklin Templeton提出的Franklin Crypto Index ETF的決定，該ETF旨在結合Ethereum和Bitcoin。SEC決定延長審查期限，以便對相關規則變更和問題進行更全面的考慮。如果獲得批准，該ETF將上市於Cboe BZX交易所，並將使用Coinbase Custody Trust Company LLC作爲數字資產保管人。SEC的決定是在現貨Bitcoin ETF期權推出後做出的。