SEC Adds Dogecoin, Hedera ETFs to Growing List of Delayed Decisions

The US Securities and Exchange Commission has the assessment periods for several crypto ETF applications, including those with Dogecoin and HBBer, extensive on Wednesday and Thursday.

The SEC established formal procedures for the Bitwise Dogecoin ETF and on June 12 for the Grayscale Hedera TrustExpanding deadlines while requesting additional public comments. A similar document about Hbar ETF from Canary Capital was published on 10 June.

Four separate Solana ETF proposals from Bitwise, 21Shares, Vaneck and Canary Capital were postponed until the beginning of July 2025. The Grayswaarden Cardano ETF received an extension of July 15, while the ETHEum strike from Bitwise encounters a deadline of 6 July.

Over 72 Crypto-related ETFs are “sitting with the SEC awaiting approval to mention or state options,” said Bloomberg Senior ETF analyst Eric Balchunas, after a roundup from earlier in April.

Reducing the dates for the procedure is “appropriate at the moment, in view of the legal and policy issues that have been raised” from the proposed changes, the proposal of the SEC is the proposal of Grayscale.

It is worth noting that the second in writing has clarified that the delays do not “indicate that the committee has drawn conclusions with regard to the issues involved.”

Instead, this means that the supervisor “is looking for and encourages interested persons to give comments about the proposed change change.”

If exchanges want to mention new ETF products, they must submit “proposed rule changes” to the SEC to change their own list standards to meet the new products.

The “legal and policy issues” that the SEC states relate to whether these on crypto -based ETFs meet the standards to prevent “fraudulent and manipulative actions and practices” and “Protect investors and the public interest” as required by section 6 (B) (5) of the Securities Exchange Act.

The SEC then assesses whether these changes to the exchange rule meet the federal securities laws.

For the Bitwise Dogecoin ETF, NYSE has submitted Arca to place and trade the ETF NYSE ARCA REGAL 8.201-E (Commodity-based treasury parts), with shares designed to keep track of the performance of a specific raw material or derivative, since the stock market maintains fair and transparent trade.

For the proposed Hedera ETF of Grayscale, Nasdaq has submitted to put the ETF Nasdaq Rule 5711 (D)Those similar aspects share such as the NYSE rules, which determine a framework for how these trash parts are structured, traded and monitored.

The HBar ETF proposal from Canary is also assessed under this rule.

Edited by Sebastian Sinclair