SEC Delays Altcoin ETF Decisions for Bitwise and Grayscale

The U.S. Securities and Exchange Commission (SEC) has once again delayed decisions on applications for Bitcoin and Ethereum exchange-traded funds (ETFs), while continuing to assess applications from companies like Bitwise and Grayscale. The SEC’s latest delay pushes the deadline for the Bitwise Dogecoin ETF and Grayscale’s Hedera ETF to November 12th. This follows a trend of extended review periods, indicating increased pressure on the SEC amidst a growing backlog of new applications.