The Tuesday notices will push the SEC’s deadline to approve or disapprove of the ETFs to late July, though it could be delayed further at that time.
The US Securities and Exchange Commission (SEC) has opened public comments for two proposed cryptocurrency exchange-traded funds, or ETFs, from asset manager Franklin Templeton to be listed on the Chicago Board Options BZX Exchange.
In separate filings on Tuesday, the SEC said it was instituting proceedings that could allow the US exchange to list and trade shares of the Franklin XRP ETF and Franklin Solana ETF. The Cboe BZX Exchange filed for a proposed rule change with the SEC in March to allow for approval of the investment vehicle, which the regulator delayed in April, pushing its deadline for a decision until Tuesday.
“Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved,” said the SEC in both filings. “Rather, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.”
