The U.S. Securities and Exchange Commission (SEC) has extended its review period for two pending cryptocurrency exchange-traded fund (ETF) applications. The Bitwise Dogecoin ETF, backed by Coinbase Custody, was initially filed in March 2025 and entered a public comment period before receiving an extension. The SEC’s decision on this ETF will allow investors to gain exposure to Dogecoin without directly purchasing the cryptocurrency. Similarly, Grayscale’s proposed HBAR ETF, also supported by Coinbase Custody, aims to provide traditional investors with direct exposure to Hedera (HBAR) through a trust listed on Nasdaq. Both requests faced similar delays, prompting further public comment and more in-depth analysis from the SEC, which has yet to approve or reject the proposals. This delay underscores the increasing complexity of crypto-based investment products for regulatory bodies like the SEC.