Cboe BZX Exchange, Inc. has proposed a change to its rules to allow the Franklin Crypto Index ETF to participate in staking, and this proposed rule was filed with the Securities and Exchange Commission (SEC) on March 10, 2025. The SEC is required to decide on such proposed changes within 45 days, but it has decided to extend the deadline to June 16, 2025, to allow more time to review the proposal properly. This extension will enable the SEC to consider all aspects of the proposal, and on this new date, they will approve, disapprove, or begin proceedings to decide on disapproval. There have been no public comments on the proposal since it was published in the Federal Register.
Simple Explanation
The people in charge of watching over money things are taking more time to decide if a special money collection, like a treasure box, called the Franklin Crypto Index ETF, can do a fun thing called "staking" to try and grow more coins. They're looking closely at all the details and will decide by June 16, 2025, if it's okay or not.