{"id":252550,"date":"2024-02-23T05:10:36","date_gmt":"2024-02-22T23:40:36","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=252550"},"modified":"2024-02-23T05:10:36","modified_gmt":"2024-02-22T23:40:36","slug":"cboe-files-franklin-templetons-19b-4-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/cboe-files-franklin-templetons-19b-4-crypto-news\/","title":{"rendered":"CBOE Files Franklin Templeton’s 19b-4 – Crypto News"},"content":{"rendered":"

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Franklin Templeton is making progress with respect to its spot Ethereum ETF as the United States options exchange\u00a0CBOE has filed a 19b-4 on its behalf.<\/span><\/p>\n

Franklin Templeton is One Step Closer in Spot Ethereum ETF Race<\/strong><\/h2>\n

Usually, a 19b-4 is a form used to propose a rule change\u2014documentation that is required when a stock exchange intends to list a new spot ETF product, in this case, Ethereum. Apart from containing details of the proposed rule change, Form 19b-4 also includes clear information on the potential impact of the rule change. It is filed with the SEC by the national securities exchange.\u00a0<\/span><\/p>\n

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More than a week ago, Franklin Templeton <\/span>indicated<\/span><\/a> its interest in offering spot Ethereum ETF by submitting a filing with the U.S. SEC. This was after leading investment asset management firms BlackRock and Ark Invest submitted similar documents to the securities watchdog. Franklin Templeton looked forward to offering an alternative to ETH investment to simplify the process of purchasing, holding, and trading digital assets across multiple platforms.\u00a0<\/span><\/p>\n

The move even led to a <\/span>jump in the price<\/span><\/a> of Ethereum, opening the gates for a potential $3,500 rally at the time. While the SEC has not shown any intentions of approving the offering, filing a Form 19b-4 is an indication of progress.\u00a0<\/span><\/p>\n

How Close is the US SEC to Approving Spot ETH ETF?<\/strong><\/h2>\n

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Like in the case of spot Bitcoin ETFs, the submission and amendments from some of the issuers came just before the SEC gave its <\/span>approval<\/span><\/a> to the offering earlier in January.<\/span><\/p>\n

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Hence, the green light for spot Ethereum ETF may be <\/span>closer than expected<\/span><\/a>. The crypto community believes that the odds of having the SEC approve the spot Ethereum ETF by May 23 is way over 60% per Bloomberg ETF analysts\u2019 projections.<\/span><\/p>\n

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So far, the SEC has <\/span>delayed its decision on Grayscale\u2019s Ethereum ETF application<\/span><\/a> and that of <\/span>BlackRock<\/span><\/a>. Even the decision on Fidelity Investment\u2019s spot Ethereum ETF was <\/span>postponed<\/span><\/a> to March 4 by the SEC. Compared to many of these potential spot Ethereum ETF issuers, Franklin Templeton looks like the only applicant who has made the 19b-4 move thus far.<\/span><\/p>\n

In the long run, this may give the asset manager an edge over its counterparts, in terms of approval. It could even be as good as a first-mover advantage, although in the case of spot Bitcoin ETFs, the regulator avoided this as it greenlighted all the applications at the same time.<\/span><\/p>\n

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Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter<\/a>, Linkedin<\/a> <\/p><\/div>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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Franklin Templeton is making progress with respect to its spot Ethereum ETF as the United States options exchange\u00a0CBOE has filed a 19b-4 on its behalf. Franklin Templeton is One Step Closer in Spot Ethereum ETF Race Usually, a 19b-4 is a form used to propose a rule change\u2014documentation that is required when a stock exchange […]<\/p>\n","protected":false},"author":2,"featured_media":234747,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-252550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/252550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=252550"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/252550\/revisions"}],"predecessor-version":[{"id":252552,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/252550\/revisions\/252552"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/234747"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=252550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=252550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=252550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}