U.S. SEC Delays Review of Hedera Spot ETF Approval

Doohyun Hwang

Summary

The U.S. Securities and Exchange Commission (SEC) announced a delay in the review of the Hedera (HBAR) spot exchange-traded fund (ETF) application.
The SEC reported that it has initiated additional procedures to gather opinions and conduct further review on the Hedera ETF applied for by Canary Capital.
The SEC stated that the final decision will be made according to the new review deadline.

The U.S. Securities and Exchange Commission (SEC) has delayed its review of the application for a spot exchange-traded fund (ETF) for Hedera (HBAR).

On the 10th (local time), the SEC announced that it had extended the review period for the Hedera ETF applied for by Canary Capital and started additional procedures for gathering opinions and conducting reviews. Accordingly, the final decision will be made according to the newly set review date.

The SEC stated, "We have determined that it is appropriate to extend the review period to allow sufficient time to examine the issues raised regarding the proposed rule change."

HBAR