SEC Delays Decision on Franklin Crypto Index ETF Holding Bitcoin and Ethereum

According to COINOTAG News on November 21st, a decision by the U.S. SEC regarding the Franklin Crypto Index ETF EZPZ has been postponed. This ETF, proposed by Franklin Templeton back in August, aims to provide investors with exposure to major cryptocurrencies, specifically Ethereum and Bitcoin. Should the ETF receive regulatory approval, it will be available for trading on the Cboe BZX exchange, with custody services managed by Coinbase Custody Trust Company LLC. The SEC emphasized in its filing that a longer review period is necessary to thoroughly evaluate the proposed rule changes and the various concerns they present. This delay underscores the ongoing regulatory scrutiny surrounding cryptocurrency investment products, emphasizing the importance of compliance in fostering a stable market environment.