Franklin Bitcoin ETF Filing: No Sign of Delay
According to Bloomberg analyst James Seyffart, there is no indication of a delay order for the Franklin Bitcoin ETF filing. The deadline for an answer is tomorrow, Nov. 17, the same as Hashdex, according to the Nov. 16 post on X.
Adding Suspense
In a separate post made on Nov. 14, Seyffart shares that there is a pretty good chance the crypto community will delay orders from the SEC. Even if this is the case, it would not change anything about the analysis’ views for approval by Jan. 10. However, a delay order was made for Hashdex’s application to convert $DEFI from a Bitcoin futures ETF to one that holds spot and futures; this application shared the same deadline as the Franklin Bitcoin ETF that is still awaiting a decision.
At the same time, the decision for GlobalX or announcement of delay is coming up five days after on Nov. 21.
Awaiting the Wave
Seyffart goes on to state that there is no shot the SEC approves one Bitcoin ETF at a time. He believes approvals will come in a wave. So, while it is technically possible an approval could happen in the next day, the analyst suggests another delay is imminent.
Hot Take: The Future of Bitcoin ETF Approvals
The future of Bitcoin ETF approvals remains uncertain as analysts await decisions from regulatory bodies regarding various applications. The anticipation and suspense continue as delays and approvals are expected to come in waves rather than individually.
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