- SEC delays Grayscale Hedera ETF, seeks public comments now
- Final Hedera ETF decision deadline set for November 11
- Bloomberg sees 80% approval odds for Hedera ETF in 2025
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Grayscale’s spot Hedera ETF. The delay comes as the regulator initiates an extended review instead of a final verdict. The decision is part of a larger trend of delayed ETF verdicts on various crypto-linked products.
Grayscale filed its spot Hedera ETF application in February, and the SEC faced a second deadline on June 15. However, the commission extended the review and decided to request public feedback. This step allows more time for assessment and maintaining the regulatory process.
The SEC seeks comments about how appropriate Hedera is as the based asset. It wants to know about the risks of market manipulation, pricing transparency, and investor protections. The Commission guarantees a thorough consideration prior to a possible approval or rejection.
Decision on Grayscale Hedera ETF Expected in November
Although there is no guaranteed approval schedule, the SEC must issue a final decision by November 11. This deadline also covers the Canary’s spot Hedera ETF application, which suffered a second delay earlier in the week. Both applications are within the standard review periods set aside to review ETFs.
The SEC stated that the start of the review process does not indicate a conclusion. This procedure allows comprehensive assessment and collection of stakeholders’ responses to inform the SEC decision. This matches the SEC approach to cryptocurrency ETFs over the past years.
Analysts state that there is increased optimism that spot crypto ETFs will be approved in 2025. Bloomberg Intelligence predicts that the Grayscale Hedera ETF has an 80% chance of approval next year.
Approval Odds for altcoin-based ETFs Surges
Other altcoin-based ETFs have even better approval odds, with a 90% chance of approval for Solana and Litecoin ETF proposals. Analysts support these figures and believe that the SEC will approve a number of products in the next few months. The market participants view recent amendments in Solana ETF filings as positive regulatory steps.
Bloomberg ETF experts predict that there could be a wave of altcoin ETF approvals. They predict that Solana will lead, followed by other high-profile applications.
In contrast, other market analysts believe that the Grayscale XRP Trust could be approved ahead of Solana. ETF Store President Nate Geraci pointed to XRP’s regulatory history as one factor. The decision could indicate how the SEC focuses on products that have clear legal provisions.
Grayscale still waits for the results of several ETF submissions amid increased investor expectations. The market is confident of future approvals despite continued delays. The next few months will likely determine the wider outlook of altcoin-linked ETFs in the U.S.
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