SEC Delays Decision on Global X and Franklin Templeton's Spot Bitcoin ETF

The SEC has postponed the decision date for the spot Bitcoin ETFs from Global X and Franklin Templeton.

The SEC stated that it will wait until at least December 22nd before granting approval to Global X's spot Bitcoin ETF on the Cboe exchange.

For Global X Bitcoin Trust, which partnered with Cboe BZX Exchange for submission, the SEC has established a comment period lasting until the end of December. According to a press release from the SEC on Friday afternoon, it aims to receive public comments on the proposal in the next 35 days, setting the new deadline for December 22nd.

Additionally, the SEC has extended the decision date for Franklin Templeton's spot Bitcoin ETF, prolonging the original 45-day period and thereby delaying the decision until next year.