SEC Postpones Review Deadlines for Bitwise dogecoin and Grayscale hedera etfs
The U.S. Securities and Exchange Commission (SEC) has extended its evaluation timeframe for two prominent altcoin ETF proposals. The new deadline set for both reviews is November 12.
The SEC has been systematically extending deadlines for various altcoin ETFs. This latest postponement involves NYSE Arca’s attempt to list Bitwise’s Dogecoin ETF, initially lodged in March. Similarly, Grayscale’s Hedera ETF submission has also been deferred. The regulator is using the full timeframe allowed by law to scrutinize each proposal.
This trend reflects the surge in altcoin ETF interest. Nearly 92 such applications are now pending. According to Bloomberg data, Solana and XRP are experiencing the highest demand, with numerous ETF filings aimed at tapping into these currencies’ potential.
- Bitwise and Grayscale’s applications pushed back to November 12
- SEC’s repeated delays indicate thorough scrutiny
- Over 92 crypto-related exchange-traded products await approval
New entrants are emerging too. A recent recognition for the Canary Staked SEI ETF starts another review cycle, marking further expansion in cryptocurrency financial tools.
This continuous growth signals a notable shift in how institutional investors view digital assets. As more applications come up, each decision gains greater importance for shaping the future of cryptocurrency trading.
The growing backlog highlights regulators’ cautious approach in an evolving market. Market participants await these decisions, anticipating clearer guidelines for alternative crypto investments.
