Franklin Bitcoin ETF yet to see indication of delay order
According to Bloomberg analyst James Seyffart, who covers ETFs and the broader industry, no indication of a delay order for the Franklin Bitcoin ETF filing is evident.
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, stating that even if this is the case, it would not change anything about the analysis’ views for approval by Jan. 10.
Still no sign of a delay order on the Franklin #Bitcoin ETF filing 🤔. Both Franklin and Hashdex had the same deadline which isn’t until tomorrow — Friday the 17th. Obviously watching closely for it. GlobalX decision/delay is due by the 21st. https://t.co/BpFKhlh7uL
— James Seyffart (@JSeyff) November 16, 2023
That said, 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.
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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.
Read more: Bitwise Invest amends Bitcoin ETF filing