The Securities and Exchange Commission (SEC) has postponed its decision on whether to approve or disapprove two bitcoin exchange-traded funds (ETFs) – the Franklin Bitcoin ETF and the Hashdex Bitcoin Futures ETF. This delay has led some experts to speculate that the SEC may be preparing to approve a batch of bitcoin ETFs in early January. The SEC has initiated further analysis to determine if the proposals comply with the Securities Exchange Act and investor protection rules. They have also requested public comments on issues such as the potential for manipulation in the funds and underlying bitcoin markets. The Franklin Templeton proposal aims to list the Franklin Bitcoin ETF, which tracks the price of Bitcoin, while the Hashdex ETF would invest in Bitcoin futures contracts and Bitcoin. Both proposals claim to have structures in place to limit manipulation risks that have hindered previous Bitcoin ETF applications. The SEC will make a final decision on the proposed rule change by January 1, 2024. Interested parties have 21 days to submit initial comments, with rebuttals due 35 days after publication in the Federal Register.

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Information	Details
Geography	North America
Countries
Sentiment	neutral
Relevance Score	1
People	James Seyffart
Companies	Franklin Templeton, Securities and Exchange Commission (SEC), Hashdex
Currencies	Bitcoin
Securities	None