The SEC has delayed the approval of Bitwise and Grayscale's crypto ETFs until November.
By: theblockbeats.news|2025/09/10 08:42:42
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BlockBeats News, September 10th, the U.S. Securities and Exchange Commission (SEC) has delayed the decision on the Bitwise Dogecoin ETF and the Grayscale Hedera ETF until November 12th, with the related applications still under review.
On Tuesday, the SEC extended the deadline for the Bitwise Dogecoin ETF listing proposal submitted to NYSE Arca. The application was originally submitted in March and was published in the Federal Register on March 17, initiating the statutory review period. On the same day, the SEC also extended the review of the listing application for the Grayscale Hedera ETF, setting the same November deadline.
Meanwhile, Grayscale has updated its applications for the long-running Litecoin and Bitcoin Cash Trusts, seeking to convert them from trust products to ETFs. If successfully converted to ETFs listed on a national exchange, daily share purchases and redemptions will be allowed, bringing the price closer to net asset value and reducing the significant premiums and discounts common in over-the-counter (OTC) trading. The SEC's delay highlights the uncertainty of the altcoin ETF path. Since 2025, there has been a surge in altcoin ETF applications, leading the SEC to face an increasing backlog of cases.
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