The SEC has postponed its decisions on the Bitwise Dogecoin ETF and Grayscale Hedera ETF applications, now set for November 12. Both applications were subjected to a statutory review period after being filed earlier this year, with the SEC utilizing the full review window and repeatedly delaying decisions. This delay is part of a larger trend, as the SEC grapples with a growing backlog of altcoin ETF applications, with a significant number submitted in 2025, including for XRP, Solana, and others. Grayscale aims to convert its trusts into ETFs to facilitate daily share trades, seeking to replicate its success in launching the first U.S. spot Bitcoin ETF in 2024.
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