The SEC has delayed its decision regarding Grayscale's Hedera Trust, with a new deadline set for November 12. This comes as Grayscale updated its filings for Bitcoin Cash and Litecoin trusts, both intended to list on NYSE Arca. The SEC is currently reviewing over 90 crypto ETF applications, including those for Solana and XRP. The delay reflects a broader trend, as seen in previous extensions for other pending ETF applications. Grayscale's submission includes its initial registration for the Hedera Trust, which would trade under the ticker HBAR, contingent on a Nasdaq rule-change request. Under U.S. securities law, the SEC typically has 180 days for decisions, extendable by another 60 days when further evaluation of comments is needed. Analysts note that products with upcoming ETF decisions often see increased market interest, enhancing their appeal to institutional investors due to compliance, custody, and transparency frameworks. This milieu is positioned to transition speculative enthusiasm into structured investments meeting institutional standards.

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