The decision on Franklin Templeton’s application to launch a cryptocurrency index exchange-traded fund (ETF) has been postponed by the US Securities and Exchange Commission (SEC) to January 6, 2025.
This deadline was initially set for November 22, but the SEC has the ability to extend it up to 90 days if necessary to evaluate the proposed rule change and any related issues, as stated in Section 19(b)(2) of the Securities Exchange Act of 1934.
If approved, the Franklin Crypto Index ETF – proposed on August 17 under the Franklin Crypto Trust and with the ticker EZPZ – would be listed on the Cboe BZX Exchange. Brazilian asset manager Hashdex also filed its own application to launch a crypto index ETF in June, tracking Bitcoin (BTC) and Ethereum (ETH) through the Hashdex Nasdaq Crypto Index US ETF.
Meanwhile, other US asset managers are seeking approval for ETFs that track other cryptocurrencies such as XRP, Solana (SOL), Hedera (HBAR), and Litecoin (LTC).
