The U.S. Securities and Exchange Commission (SEC) has announced a delay in its decision regarding Franklin Templeton’s proposed spot Ethereum ETF, extending the deadline to June 11, 2024. This news comes from a filing made public today, leaving the future of this financial product uncertain for the time being.
The proposed ETF, initially filed in February, seeks to track the price of ether and would utilize Coinbase Custody Trust Company and the Bank of New York Mellon as custodians.
Franklin Templeton’s Spot Ethereum ETF Decision Delayed: SEC Extends Deadline to June 2024
ThC’s decision to extend the review peneed for additional time to thoroughly evaluate the proposed rule changes and the complex issues surrounding the classification of Ethereum and its suitability for a s crypto Drive
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