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The US Securities and Exchange Commission (SEC) has invited public feedback on Bitcoin ETF applications made by Franklin Templeton and Hashdex sooner than expected.
Bloomberg Intelligence ETF analyst James Seyffart tweeted that the development ”all but confirms for me that this was likely a move to line every applicant up for potential approval by the Jan 10, 2024 deadline.”
The firms have 21 days to reply and two more weeks to file any rebuttals to the SEC, suggesting an early January completion.
Update: Wow. SEC went super early on Franklin. They weren't due for another decision until Jan 1. Notably Franklin is the only issuer who didn't submit an updated S-1 yet. Wonder if that has any impact here. https://t.co/go4K1wSTpw pic.twitter.com/bA6aULvPCd
— James Seyffart (@JSeyff) November 28, 2023
All Bitcoin ETF Applicants Lined Up For January Deadlines
Lawyer Scott Johnsson also said in a tweet that the SEC filing indicates it is likely to approve Bitcoin ETFS in early January
“Really the only way it makes sense,” he said “Pretty sure we can lock this one up.”
They might have chosen to do this early so they could have the comment period end before Jan 10, in order to approve everyone at the same time. https://t.co/L5q65I6EDa
— Scott Johnsson (@SGJohnsson) November 28, 2023
Following the SEC’s invitation for comment, all applicants for spot Bitcoin ETFs now have their next deadline lined up between January 2nd and 17th.
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