The moves were expected and aren't having any immediate effect on the bitcoin price.
Nov 17, 2023 at 8:15 p.m. UTC
SEC Chair Gary Gensler in Washington on Oct. 25, 2023 (Jesse Hamilton/CoinDesk)
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Decisions on approvals for both Franklin Templeton's and Global X's spot bitcoin ETF applications have been delayed by the U.S. Securities and Exchange Commission (SEC), according to a just-released note.
The deadline for the SEC to move on Franklin Templeton was today and on Global X's attempt was Nov. 21; with these delays, the new deadlines move into early 2024.
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Few had expected any spot bitcoin ETF approvals this week, so the SEC's action comes as little surprise. Bitcoin (BTC) is trading at $36,450, up modestly for the day.
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