Decisions
on
approvals
for
both
Franklin
Templeton’s
and
Global
X’s
spot
bitcoin
ETF
applications
have
been
delayed
by
the
U.S.
Securities
and
Exchange
Commission
(SEC),
according
to
a
just-released
note.
The
deadline
for
the
SEC
to
move
on
Franklin
Templeton
was
today
and
on
Global
X’s
attempt
was
Nov.
21;
with
these
delays,
the
new
deadlines
move
into
early
2024.
Few
had
expected
any
spot
bitcoin
ETF
approvals
this
week,
so
the
SEC’s
action
comes
as
little
surprise.
Bitcoin
(BTC)
is
trading
at
$36,450,
up
modestly
for
the
day.
Updated
(18:45
UTC,
Nov.
17):
Added
Franklin
Templeton
news
to
the
story.