The U.S. Securities and Exchange Commission (SEC) has pushed back on its decision over two crypto ETFs, the Bitwise Dogecoin ETF and Grayscale Hedera (HBAR) ETF.
The Dogecoin ETF supported by Coinbase Custody. It will provide investors with access to Dogecoin without actually needing to hold the cryptocurrency. It was originally filed on March 3, 2025, and entered a public comment period, which has since been extended to give the SEC more time for evaluation.
Grayscale, meanwhile, wants to launch an ETF that tracks Hedera (HBAR), another well-known crypto asset. This trust would hold only HBAR and be listed on Nasdaq. This ETF is also backed by Coinbase Custody. The ETF is designed to help traditional investors gain exposure to Hedera without having to buy or store HBAR directly. The proposal was filed on February 28, 2025, and similarly entered a public comment phase shortly after.
The SEC has yet to approve or reject proposals of Dogecoin and Hedera ETFs . Rather, it chose to prolong the review process, commencing formal proceedings in order to solicit further public comment and undertake a more thorough analysis. Both delays don’t mean rejection, they just show the SEC is being cautious as crypto-based investment products become more common.
