15 Sep 2025
📈SEC Designates Lengthy Review for Franklin Crypto Index ETF Rule Change
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To Amend the Rules Governing the Listing and Trading of Shares of the Franklin Crypto Index ETF To Permit Staking of the Ether Held by the Trust Under Rule 14.11(e)(4) (Commodity-Based Trust Shares)
Summary
The SEC has announced a notice regarding the proposed rule change to amend listing and trading rules for the Franklin Crypto Index ETF. This change would permit the staking of Ether held by the Trust under existing regulations. The amendment seeks to enhance investment opportunities while ensuring thorough consideration of associated issues.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change regarding the Franklin Crypto Index ETF allows for the staking of Ether, which expands investment options and could lead to increased market activity and revenue for businesses involved in crypto and financial services. It promotes compliance with evolving regulations in the crypto space.