The US Securities and Exchange Commission has initiated the comment period for Franklin Templeton’s spot bitcoin ETF proposal.

This move was initiated earlier than some expected, with the SEC now actively seeking public feedback.

New SEC filings could signal its willingness to close out the comment period on such funds ahead of a potential January ruling on bitcoin ETFs, some segment observers said.  

A Tuesday disclosure indicates the regulator has chosen to “institute proceedings” to determine whether to approve or deny the Franklin Bitcoin ETF.

“The commission seeks and encourages interested persons to provide comments on the proposed rule change,” the filing states.

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