- The SEC rescheduled its decision on Bitwise Dogecoin and Grayscale Hedera ETFs to November 12, 2025.
- Over 90 crypto ETF filings, including Solana and XRP, are currently awaiting SEC review.
- Grayscale filed to convert Bitcoin Cash and Litecoin Trusts into ETFs amid broader altcoin ETF delay
On Tuesday, the U.S. Securities and Exchange Commission delayed its decisions on two cryptocurrency ETF proposals. The agency pushed its deadline for the Bitwise Dogecoin ETF and Grayscale Hedera ETF to November 12, 2025. These delays come as the SEC continues to handle a growing queue of crypto ETF applications.
The Bitwise Dogecoin ETF was initially filed in March 2025, with NYSE Arca proposing to list the fund. It would track the price of Dogecoin, one of the most well-known meme coins. At the same time, Grayscale applied to list a Hedera (HBAR) Trust ETF on Nasdaq. Both products remain under extended review.
The SEC is utilizing the full review period allowed under federal law. In recent months, the agency has also extended other crypto ETF filings rather than making early decisions.
More Crypto ETF Filings Await Action
Grayscale also submitted updated registration documents to convert its existing Bitcoin Cash and Litecoin trusts into ETFs. These moves follow the firm’s earlier success with converting its Bitcoin Trust into a spot ETF in January 2024.
Grayscale’s updated filings reflect a trend of firms trying to shift crypto products to regulated exchanges. Conversions to ETFs would enable daily share creation and redemption, narrowing the pricing gap seen in over-the-counter trading.
As of the end of August 2025, at least 92 crypto-related ETF products are awaiting review by the SEC. These include products for Solana, XRP, and other altcoins. Institutional demand remains high for Solana and XRP products, with multiple filings submitted.
SEC Maintains Deliberate Review Approach
The SEC has shown a consistent pattern of taking the full review time before deciding on crypto ETF applications. In August, the SEC extended its review of multiple proposals, including the 21Shares and Bitwise Solana ETFs and the 21Shares Core XRP Trust.
On August 25, the SEC also delayed its decision on the WisdomTree XRP Fund to October 24. The agency set October 12 as the new deadline for the Canary PENGU ETF.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
