Catneaa, Tuesday, November 26, 2024 –The US Securities and Exchange Commission (SEC) has delayed its decision on Franklin Templeton’s proposal for the Franklin Crypto Index ETF, which aims to hold bitcoin and ether under the ticker EZPZ.
The decision was announced in filing on Wednesday, November 20.
The agency stated it would take additional time to evaluate the proposal and any related issues. The ETF, if approved, would trade on the Cboe BZX Exchange, with Coinbase Custody Trust Company acting as the fund’s digital asset custodian.
Franklin Templeton originally filed
the registration statement in August, following a surge of interest in cryptocurrency ETFs. The SEC recently approved multiple spot bitcoin ETFs earlier this year and greenlit spot Ethereum ETFs in May.
The Franklin Crypto Index ETF is designed to allocate assets between bitcoin and ether based on market capitalization and may expand to include additional cryptocurrencies pending future regulatory approvals.
