The SEC has postponed its decision on the Franklin Templeton Crypto Index ETF until early 2025, following a lack of comments on its proposed listing. In a letter dated Nov. 20, 2024, the SEC stated that it requires additional time to review the proposed rule change, designating January 6, 2025, as the new deadline for approval or disapproval. Franklin Templeton, which filed for the ETF in August, aims to provide an efficient investment option in the crypto market by allowing investors to gain exposure without the difficulty of selecting individual assets. The move aligns with growing interest in crypto index ETFs as a viable financial product. Regulators have also shown interest in approving the Grayscale crypto index ETF, which would further enhance capital inflows into the digital asset sector, similar to the recent approvals of Bitcoin and Ether ETFs earlier in 2024.

Source 🔗