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SEC Delays Decisions on Bitwise and Grayscale Altcoin ETFs Until November 12

SEC Delays Decisions on Bitwise and Grayscale Altcoin ETFs Until November 12

Grayscale files for Bitcoin Cash and Litecoin ETFs, adding to its expanding altcoin-focused offerings, while awaiting SEC’s decision on Hedera Trust and other crypto ETFs.

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Fact Check
Multiple sources directly confirm that the SEC delayed decisions on the Bitwise Dogecoin ETF and Grayscale's Hedera ETF. Source 4 explicitly states the new deadline is 'Nov. 12', and other sources like Cointelegraph and Yahoo Finance corroborate the delay to November for these specific funds.
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Summary

Grayscale has filed for the first-ever Bitcoin Cash ETF with the SEC, alongside a Litecoin ETF registration. The filings aim to list both funds on NYSE Arca, with Coinbase as custodian. The firm also registered its Hedera ETF under Form S-1, awaiting approval. These filings add to Grayscale’s ongoing push for altcoin-based ETFs, with over 70 crypto ETF applications currently pending at the SEC.

Terms & Concepts
  • Form S-1: An SEC registration form used for newly issued securities, typically for initial public offerings.
  • Form S-3: An SEC registration form allowing qualified companies to register securities more quickly for offering to the public.
  • ETF: An exchange-traded fund that tracks the value of an underlying asset or basket of assets and is traded on stock exchanges.