The Securities and Exchange Commission extended the review period for several Crypto ETF applications, including DogeCoin and HBAR, on Wednesday and Thursday.
The SEC will be on June 11th. Bitise dogecoin etf June 12th Greyscale Hedera Trustextending the deadline while requesting additional public comments. Similar documents Canary Capital’s HBAR ETF It was released on June 10th.
Four separate Solana ETF proposals from Bitwise, 21Share, Vanek and Canary capitals have been postponed to early July 2025. The Grayscale Cardano ETF received the July 15 extension, while Bitwise’s Ethereum Staking ETF is facing a July 6 deadline.
About 72 Crypto-related ETFs According to Eric Bulknath, a senior ETF analyst at Bloomberg, “sitting with the SEC waiting for approval to list or list options.” round up From the beginning of April.
Pushing back the date of the suit is “appropriate at this time considering the issues raised at this time” from the proposed changes, the SEC’s latest submission on Grayscale’s proposal.
It is worth noting that the SEC made clear in writing that the delay “does not indicate that the Commission has not reached a conclusion on any of the relevant issues.
Instead, it means that regulators “seek and encourage anyone interested to provide comments on changes to proposed regulations.”
If the exchange wants to list new ETF products, you must submit a “suggested rule change” to the SEC in order to change its own listing criteria to accommodate the new product.
The “legal and policy issues” mentioned by the SEC relates to whether these crypto-based ETFs meet standards to “prevent the conduct and practice of fraud and manipulation.” Stock Exchange Act.
The SEC then checks whether changes to these exchange rules are in compliance with federal securities laws.
For Bitise Dogecoin ETFs, NYSE ARCA submitted to list and trade ETFs NYSE ARCA Rule 8.201-E (commodity-based trust stocks), along with stocks designed to track the performance of certain products or derivatives, as exchanges maintain fair and transparent trading.
For Grayscale’s proposed Hedera ETF, NASDAQ submitted to list under the ETF NASDAQ Rule 5711(d)shares similar aspects with NYSE rules and sets up a framework for how these trusted stocks are structured, traded and monitored.
Canary’s HBAR ETF proposal has also been reviewed under this rule.
edit Sebastian Sinclair
