Summary
- The U.S. Securities and Exchange Commission (SEC) has reportedly extended the review deadline for the Bitwise Dogecoin ETF and the Grayscale Hedera ETF to November 12.
- Applications for altcoin ETFs have surged this year, and the SEC says it is having difficulty approving at least 92 related products.
- Meanwhile, the Rex Shares Dogecoin ETF is expected to launch on the 11th more quickly than others by utilizing the 40 Act.
The U.S. Securities and Exchange Commission (SEC) has reportedly postponed the review deadline for the Bitwise Dogecoin exchange-traded fund (ETF) and the Grayscale Hedera (HBAR) ETF.
On the 10th (local time), according to Cointelegraph, the SEC has extended the deadline for the Bitwise Dogecoin ETF and the Grayscale Hedera ETF to November 12 (local time).
The outlet said, "Applications for altcoin ETFs have surged this year, and the SEC is struggling with processing," adding, "At least 92 altcoin-related ETF products are waiting for SEC approval."
Meanwhile, Rex Shares' Dogecoin ETF is scheduled to launch on the 11th (local time). Rex Shares reportedly was able to launch more quickly than other firms' ETFs by utilizing the Investment Company Act of 1940 (40 Act).
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
