The U.S. Securities and Exchange Commission (SEC) has recently turned its attention to applications for spot crypto exchange-traded funds (ETFs) from financial giants Franklin Templeton and Hashdex. This development comes amidst the SEC’s announcement of delays in making decisions regarding the approval of ether ETF applications from VanEck and ARK.
SEC Begins Consideration of Franklin, Hashdex Crypto ETFs, Delays Decision on VanEck, ARK Ether ETFs
ETF Newz Says:
The SEC’s decision to extend deadlines for ARK and GlobalX spot bitcoin ETFs was influenced by the looming government shutdown. The regulatory body’s consideration of Franklin Templeton and Hashdex’s applications signifies a growing interest and potential acceptance of crypto ETFs in the mainstream financial market. As the SEC continues to evaluate these applications, the crypto community eagerly awaits the outcome, hoping for a positive verdict that could pave the way for broader institutional adoption of cryptocurrencies.