SEC Again Delays Decision on Spot Bitcoin ETFs Including BlackRock, Valkyrie and Bitwise
The US Securities and Exchange Commission (SEC) stated on Thursday that it is launching additional procedures to determine whether the proposed spot Bitcoin ETFs by BlackRock, ProShares, Valkyrie, and Bitwise should be approved or denied, delaying the ongoing review process.
The U.S. SEC Has Officially Accepted Applications for Franklin Templeton and Hashdex Bitcoin ETFs
Bloomberg analyst James Seyffart wrote on X platform that the US SEC has officially received applications for Franklin Templeton's spot Bitcoin ETF, Hashdex Bitcoin ETF, and Ethereum ETF, and listed them on its official website. Seyffart said that it usually takes about a week from submitting Form 19b-4 to the SEC accepting the application, but the SEC's quick acceptance of the application this time may be due to concerns about the US government shutdown. Yesterday, Franklin Templeton submitted Form 19b-4 for the Bitcoin ETF, and the SEC will initiate the official review process for the ETF after receiving the form.
Multiple U.S. Lawmakers Urge Gary Gensler to Immediately Approve Bitcoin Spot ETF
Several Republican and Democratic lawmakers sent a letter to urge Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC), to approve the listing of a physically-backed Bitcoin exchange-traded fund (ETF), stating that a regulated Bitcoin ETF will make Bitcoin trading more transparent and secure, thereby enhancing investor protection. The lawmakers said, "Congress has a responsibility to ensure that the SEC approves investment products that meet congressional requirements.
Franklin Templeton Files SEC 19b-4 Filing to Initiate Bitcoin ETF Review Process
September 27th, Bloomberg ETF analyst James Seyffart posted on social media that Franklin Templeton has submitted a 19b-4 document for a Bitcoin ETF, and the US Securities and Exchange Commission (SEC) will initiate the official review process for the ETF after receiving the document.
As previously reported by BlockBeats, Franklin Templeton CEO Jenny Johnson stated on September 13th at Toen2049 in Singapore that they had just applied for a Bitcoin ETF.
ETH Price Bounces Back After Weekend Sell-Off, Bulls Eyeing $1,700 Resistance
The price of ETH has seen gains at the start of the week, bouncing back from selling pressure over the weekend and trading at $1,630. Despite negative market pressure since June, ETH has sustained support above $1,530. If the support area from $1,600 to $1,630 holds, Ethereum may consolidate with an upper limit of $1,700 before the next breakout targeting highs above $2,000.
IntegraCess Founder: Spot Bitcoin ETF Could Enable Crypto Assets To Replicate Gold’s 18-Year Bull Market
September 9th, Joseph Hickey, founder of IntegraCess and former US ETF market maker at Bank of America Merrill Lynch, said in an interview with DL News that the approval and subsequent launch of a physically-backed Bitcoin ETF could be similar to the launch of the first gold ETF.
