SEC Adds Dogecoin, Hedera ETFs to Growing List of Delayed Decisions
The U.S. Securities and Exchange Commission (SEC) has extended review periods for several crypto ETF applications, including those for Dogecoin and HBAR. Formal proceedings began on June 11 for the Bitwise Dogecoin ETF and June 12 for the Grayscale Hedera Trust, with additional public comments requested. Four Solana ETF proposals have been postponed to early July 2025, while the Grayscale Cardano ETF received a July 15 extension. Bitwise's Ethereum staking ETF faces a July 6 deadline. Approximately 72 crypto-related ETFs are awaiting SEC approval. The SEC's delays are due to ongoing legal and policy issues regarding compliance with federal securities laws and investor protection standards. Proposed rule changes must be filed by exchanges to list new ETFs, with specific rules governing their structure and trading.
