SEC extension leads to Grayscale pushing altcoin ETF listing

The Securities and Exchange Commission (SEC) has extended the review period for multiple altcoin ETF applications, with a total of 92 products pending approval as of August 29. The most recent extensions include Bitwise’s Dogecoin ETF and Grayscale’s Hedera ETF, both of which have a deadline of November 12. Following the successful listing of Bitcoin ETFs, Grayscale has also applied for ETFs pegged to Bitcoin Cash, Litecoin and Hedera, while Fidelity and VanEck are also seeking approval from digital asset funds by the end of 2025. The SEC has postponed the approval time for Canary HBAR and Grayscale Polkadot ETFs to November 8, 2025 and solicited public comments on the listing standards. Despite the extension, HBAR was trading above $0.22, up 1.8% weekly. Although regulatory uncertainty remains, the approval of altcoin ETFs may enhance access and market stability for mainstream cryptocurrencies.