The SEC is reviewing two new applications for spot crypto ETFs, one for bitcoin and one for ether, submitted by Franklin Templeton and Hashdex respectively.
Meanwhile, it has postponed its verdict on the ether ETF proposals from VanEck and ARK.
Franklin Templeton’s bitcoin spot ETF and Hashdex’s ether spot ETF were filed with the SEC according to its regulations.
The SEC has up to 240 days from the date of publication in the Federal Register to approve or reject an ETF application.
This means that the final decision for these two funds is expected by late May 2024, but the SEC can also extend the process by requesting more public feedback at various stages.
