The SEC has delayed its ruling on Grayscale’s Hedera Trust listing on Nasdaq to November 12, while also receiving updated filings for Bitcoin Cash and Litecoin trusts.
The U.S. Securities and Exchange Commission (SEC) postponed its decision on Nasdaq’s application to list the Grayscale Hedera Trust, moving the deadline to November 12. On the same day, Grayscale filed updated Form S-3 registrations for its Bitcoin Cash and Litecoin trusts, with Bank of New York Mellon as administrator and Coinbase as custodian and prime broker. Both are intended for listing on NYSE Arca. Additionally, Grayscale submitted a Form S-1 for the Hedera Trust, which would trade under the ticker HBAR if Nasdaq’s rule-change request is approved. The SEC’s delay follows similar extensions for Solana ETF proposals in August, part of over 90 pending crypto ETF applications awaiting review.