The U.S. Securities and Exchange Commission (SEC) is reviewing applications for spot crypto exchange-traded funds (ETFs) from Franklin Templeton and Hashdex. However, the SEC has delayed its decision on approving VanEck’s and ARK’s ether ETF applications. The SEC has a maximum of 240 days to approve or deny an ETF from the filing date, with a decision expected in late May 2024. The SEC can request additional public feedback, leading to potential delays in the final decision.
AI Sentiment: Neutral