Franklin Templeton’s application for an Ethereum ETF to be opened by the U.S. SEC was postponed.
As per a document In order to allow the Commission to fully consider and address the issue of the rule proposal, it has decided to publish it on its website.
It is important to note that the word “you” means “you”. SEC Franklin Templeton has until June 11 to decide whether or not it will accept the application.
“The Commission shall either approve or disapprove or institute proceedings to determine whether to disapprove the proposed rule change.”
SEC filing
Franklin Templeton in February filed Registering for Ethereum ETF. If Coinbase Custody Trust Company is approved, it will become the custodian for the second largest cryptocurrency in terms of capitalization.
If approved, the product would be listed at Chicago Board of Options BZX Exchange. The structure uses only cash to create and redeem shares of ETF, similar to how it is implemented in Bitcoin-based instruments.
After the launch, Bitcoin ETF. Several leading asset managers filed applications for spot ETFs on Ethereum. The SEC has set a deadline of Ethereum Also, you can find ETFs filed by VanEck ARK/21Shares The 23rd of May is a holiday.
Hong Kong Securities and Futures Commission already approved Launch of Ethereum spot ETFs. Bosera Asset Management did not reveal product tickers, despite receiving regulatory approval.
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Source: crypto.news