The US Securities and Exchange Commission (SEC) has pushed back its final decision on whether to approve or reject a Grayscale spot Hedera exchange-traded fund (ETF) application. While the SEC has been delaying its decision on a raft of ETFs, investors are bracing for an avalanche of approvals in the coming months.
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US SEC Delays Grayscale Spot Hedera ETF Decision
According to an SEC statement, the securities watchdog is holding back its decision to either approve or reject Grayscale’s Hedera ETF filing. Per the statement, the delayed decision comes ahead of the second deadline on June 15, with the SEC designating a longer time to review the application.
Rather than giving a clear decision, the SEC is instituting proceedings, using the additional time to seek public comments on Grayscale’s filing. Particularly, the SEC wants interested parties to submit comments on the suitability of an HBAR ETF while identifying any areas of concern.
“Institution of proceedings does not indicate that the Commission has reached any conclusion with respect to any of the issues involved,” said the SEC. “Rather, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.”
This is a developing story and will be updated as more facts emerge.
Breaking: US SEC Delays Decision On Grayscale Spot Hedera ETF
The US Securities and Exchange Commission (SEC) has pushed back its final decision on whether to approve or reject a Grayscale spot Hedera exchange-traded fund (ETF) application. While the SEC has been delaying its decision on a raft of ETFs, investors are bracing for an avalanche of approvals in the coming months.
Advertisement
Advertisement
US SEC Delays Grayscale Spot Hedera ETF Decision
According to an SEC statement, the securities watchdog is holding back its decision to either approve or reject Grayscale’s Hedera ETF filing. Per the statement, the delayed decision comes ahead of the second deadline on June 15, with the SEC designating a longer time to review the application.
Rather than giving a clear decision, the SEC is instituting proceedings, using the additional time to seek public comments on Grayscale’s filing. Particularly, the SEC wants interested parties to submit comments on the suitability of an HBAR ETF while identifying any areas of concern.
This is a developing story and will be updated as more facts emerge.
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