The U.S. Securities and Exchange Commission (SEC) has delayed its decision on Franklin Templeton’s proposed Crypto Index ETF. The new deadline for a decision has been set for January 6, 2025.
This postponement affects Franklin Templeton's plans to expand its digital asset offerings, specifically a product designed to track a broader crypto index. While not a rejection, the delay can impact the firm's ability to capitalize on current market conditions and investor interest in cryptocurrency investment products.
The SEC's decision reflects ongoing regulatory caution surrounding digital asset products. Franklin Templeton continues to navigate this evolving regulatory landscape as it seeks to bring innovative digital asset solutions to market.
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