According to TechFlow, on October 2, the US SEC officially recognized Franklin Templeton's Bitcoin spot ETF application. It should be noted that this does not mean that the ETF has been approved. After acknowledging the ETF application, the SEC has 45 days to make a decision. They can approve, reject or extend the application. The SEC can extend the review period to 240 days, which means that the final decision may be made by May 2024 at the latest.
Franklin Templeton is an American asset management giant with a history of more than 70 years, operations in more than 30 countries, and US$1.5 trillion in assets under management.
