Claim BonusSEC Seeks Public Input on Franklin Templeton’s Bitcoin ETF
The Securities and Exchange Commission (SEC) has intensified its scrutiny of the burgeoning cryptocurrency market, calling for public input on Franklin Templeton’s proposed spot bitcoin Exchange-Traded Fund (ETF). This request for feedback comes unexpectedly, as the SEC had previously postponed its decision, signaling a swift shift in its approach.
Concerns about potential market manipulation and fraud are at the heart of the SEC’s inquiry. The agency is particularly interested in the proposed fund’s relationship with Coinbase, which is slated to act as the custodian if the ETF receives approval. The SEC’s filing emphasized the need to ensure that the rules of a national securities exchange are robust enough to prevent fraudulent activities and protect investors and the public interest.
A Closer Look at the Franklin Bitcoin ETF
Franklin Templeton filed for the Franklin Bitcoin ETF in September. The fund’s shares would be listed and traded on the Cboe BZX Exchange if approved. This development is part of a growing trend, with other financial giants like BlackRock and Fidelity also submitting applications for spot bitcoin ETFs. The Franklin Bitcoin ETF stands out due to its potential role in providing investors with more direct exposure to Bitcoin than futures-based products.
Parallel Developments with Hashdex
Simultaneously, the SEC also focuses on Hashdex’s application for a Bitcoin Futures ETF. This proposed fund seeks to convert its exchange-traded fund, currently listed on the New York Stock Exchange, into a partial spot product. This move by Hashdex aligns with the growing interest in integrating spot Bitcoin offerings into more traditional investment products.
Public Participation Deadline
The SEC has set a 21-day deadline for public comments on the Franklin and Hashdex proposals, followed by a two-week rebuttal period. This open invitation for public feedback reflects the SEC’s cautious yet progressive approach toward integrating cryptocurrencies into mainstream financial products. The outcome of this process could significantly influence the future of bitcoin ETFs in the U.S. market, a sector where the SEC has yet to approve a spot bitcoin fund.
Read Also: Standard Chartered Maintains $100K Bitcoin (BTC) Target
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Bitcoin Rises to $94k as Trump Signals Alternatives Ahead of Supreme Court Tariffs Ruling
- Rick Rieder’s Fed Chair Odds Rise as BlackRock CIO Calls for Rates to Fall to 3%
- Fed Rate Cut: Trump Calls for Powell to Lower Rates After Soft CPI Inflation Report
- Breaking: U.S. CPI Inflation Comes In At 2.7%, Bitcoin Rises
- Bitget Launches One-Click Bot Copying for Crypto Users as Algorithmic Trading Goes Mainstream
- Bitcoin Price Eyes $100k as Core US Inflation Slips Ahead of CLARITY Act Markup
- Why Is MSTR Stock Price Down Despite Recent Bitcoin Purchase
- Pi Coin Price Prediction: How Mainnet Migration and New Tokens Supply Could Affect Pi Network?
- Crypto Stocks To Watch: MSTR, Metaplanet, and S&P 500 price
- Solana Price Targets $200 as WisdomTree Declares Its Dominance Structural
- Bitcoin Price Prediction Amid DOJ Probe as Powell Indictment Fears Cool
