US SEC Delays Decision on Approval of Spot ETFs for Dogecoin (DOGE), Hedera (HBAR), and Avalanche (AVAX)
JH Kim
Summary
- The United States Securities and Exchange Commission (SEC) has announced a postponement of approval decisions for spot ETFs of Dogecoin (DOGE), Hedera (HBAR), and Avalanche (AVAX).
- The SEC has decided to initiate a review process for these three ETFs, stating that this indicates further review is necessary.
- Earlier, The Block reported that the SEC also requested issuers of Solana (SOL) ETFs to amend their S-1 registration statements.
According to The Block, a digital asset (cryptocurrency) focused media outlet, on the 12th (local time), the United States Securities and Exchange Commission (SEC) has delayed its approval decisions regarding Bitwise's Dogecoin (DOGE) exchange-traded fund (ETF), Grayscale's Hedera (HBAR) Trust, and VanEck's Avalanche (AVAX) ETF.
The SEC announced it is initiating review procedures for these three ETFs, which generally means further consideration is required.
Previously, the SEC also requested issuers of Solana (SOL) ETFs to amend their S-1 securities registration statements.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
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