{"id":77060,"date":"2024-04-23T14:54:28","date_gmt":"2024-04-23T18:54:28","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=77060"},"modified":"2024-04-23T14:54:32","modified_gmt":"2024-04-23T18:54:32","slug":"sec-delays-franklin-templeton-spot-ether-etf","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/sec-delays-franklin-templeton-spot-ether-etf\/","title":{"rendered":"SEC Delays Franklin Templeton Spot Ether ETF"},"content":{"rendered":"\n

The US Securities and Exchange Commission (SEC) has delayed the decision regarding Franklin Templeton's application for a spot Ether exchange-traded fund<\/a> (ETF).<\/p>\n\n\n\n

\"SEC
SEC Delays Franklin Templeton Spot Ether ETF<\/figcaption><\/figure>\n\n\n\n

The Securities and Exchange Commission (SEC) announced on April 23 that it had extended the period for comments on a proposed rule change that would permit the Cboe BZX Exchange\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> to list and trade the Franklin Ethereum Trust shares. 45 days will pass before the commission reevaluates its immediate ETH ETF decision until June 11.<\/p>\n\n\n\n

During the application deadlines for several asset managers in May, numerous analysts hypothesized that the SEC would make a definitive decision regarding listing and trading spot Ether ETFs on U.S. exchanges.\u00a0<\/p>\n\n\n\n

James Seyffart, an analyst at Bloomberg ETFs, predicted in March that the ongoing round of Ether ETF applications would “ultimately come down to rejection.”<\/p>\n\n\n\n

The SEC's January decision to permit U.S. exchanges to list and trade spot Bitcoin ETF<\/a> shares was a turning point that will likely continue to influence how financial institutions manage cryptocurrencies. <\/p>\n\n\n\n

Despite initial speculation that the commission would likely issue a spot ETH ETF, reports indicate that it may be attempting to categorize Ether as a security.<\/p>\n\n\n\n

SEC spot BTC ETFs, including Franklin Templeton's, were in the initial approval phase. The firm disclosed it had over $1.5 trillion in assets under management as of December 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"

The US Securities and Exchange Commission (SEC) has delayed the decision regarding Franklin Templeton’s application for a spot Ether exchange-traded fund (ETF). The Securities and Exchange Commission (SEC) announced on April 23 that it had extended the period for comments on a proposed rule change that would permit the Cboe BZX Exchange to list and […]<\/p>\n","protected":false},"author":12,"featured_media":77064,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23],"tags":[7231,19268,17244],"class_list":["post-77060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news","tag-sec-3","tag-franklin-templeton-2","tag-spot-ether-etf"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/04\/image-143.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/77060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=77060"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/77060\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/77064"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=77060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=77060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=77060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}