The U.S. Securities and Exchange Commission (SEC) has delayed its decision on Franklin Templeton's Bitcoin and Ethereum Crypto Index ETF. Franklin Templeton Investments submitted a registration statement in August to launch an ETF that holds these two cryptocurrencies, with the ticker symbol EZPZ. The SEC stated that it needs more time to consider the proposed rule changes and the issues they raise.

According to the official statement, the SEC has postponed its decision on the Franklin Templeton Bitcoin and Ethereum crypto index ETF. Investment firm Franklin Templeton previously filed a registration statement with the agency in August for a Franklin Crypto Index ETF that would hold both cryptocurrencies under the ticker EZPZ. “The Commission finds it appropriate to set a longer time period for taking action on the proposed rule change in order to have sufficient time to consider the proposed rule change and the issues raised therein,” the SEC said. *This is not investment advice.

The SEC has postponed its decision on Franklin Templeton's Bitcoin and Ethereum ETF.