SEC Delays Decisions on Bitwise and Grayscale Crypto ETFs

The U.S. Securities and Exchange Commission (SEC) has once again pushed back decisions on two highly anticipated cryptocurrency exchange-traded fund (ETF) applications. The Bitwise Dogecoin and Grayscale Hedera ETFs will now be decided upon by November 12th. This delay follows the SEC’s long history of postponing ETF decisions, as no fewer than 92 crypto ETF applications remain pending as of August 29th. The SEC has announced a new deadline for these two flagship files, signaling its intent to streamline and synchronize its review processes.