According to Tekedia, the US SEC officially recognized Franklin Templeton's Bitcoin spot ETF application. It should be noted that this does not mean that the ETF has been approved. After acknowledging the ETF application, the SEC has 45 days to make a decision. They can choose to approve, reject or extend the application. The SEC can extend the review period to 240 days at most, which means that the decision can be postponed until May 2024 at the latest. Franklin Templeton is an American asset management giant with a history of more than 70 years, business in more than 30 countries, and manages $1.5 trillion in assets.