Franklin Templeton Spot Bitcoin ETF Shows Promise In New Discussions With The SEC

According to reports, the U.S. Securities and Exchange Commission (SEC) engaged in discussions with Franklin Templeton on December 8 regarding its proposed Bitcoin spot ETF. This follows the SEC’s public consultation on the Franklin Templeton spot Bitcoin ETF and Hashdex spot Bitcoin ETF proposals, signaling a potential resolution in January.

Recent SEC filings suggest a move to conclude the comment period on these funds, indicating progress toward a decision. Franklin Templeton, managing $1.33 trillion in assets, acknowledged the significant demand for Bitcoin. CEO Jenny Johnson emphasized that clients are keenly monitoring Bitcoin for investment opportunities, noting the distinction between Bitcoin and blockchain technology.

The SEC’s consideration of the Franklin Templeton spot Bitcoin ETF is indicated by a disclosure revealing the initiation of proceedings to approve or deny the proposal. In September, the company submitted its Franklin Templeton spot Bitcoin ETF application to the SEC. If approved, the fund will be listed on the Cboe BZX exchange and entrusted to Coinbase Custody.

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