According to recent reports by Bloomberg, the delays for both applications are seen as strategic moves to position the applicants favorably for potential approval by the looming January 10, 2024 deadline.
The cryptocurrency landscape has been buzzing with anticipation as the race for Bitcoin ETF approvals intensifies. The delays in the applications from Hashdex and Franklin Templeton, two prominent players in the financial sector.
The timing of the delays, as reported by Bloomberg, raises questions about the motives behind these maneuvers. Some market analysts speculate that the postponements are a deliberate attempt to synchronize the approval process, allowing regulatory bodies to address concerns collectively.