The U.S. Securities and Exchange Commission has pushed back its decision on listing the Grayscale Hedera Trust, setting November 12 as the new deadline while Grayscale files related trust registrations.
On Tuesday Grayscale submitted a Form S-1 to register a new Hedera trust that would trade under the ticker HBAR — a listing that depends on Nasdaq’s pending rule-change request. The firm also filed two Form S-3 registration statements for existing vehicles: the Bitcoin Cash Trust and the Litecoin Trust. Both S-3 filings list Bank of New York Mellon as administrator and Coinbase as custodian and prime broker, and both trusts are structured to list on NYSE Arca.
Under U.S. securities law the SEC normally has 180 days to act on an exchange rule-change proposal and can add a 60-day extension to review comments or amendments. The commission has used that procedural extension repeatedly this season; earlier it pushed Solana ETF deadlines to October 16. The latest move comes amid a crowd of more than 90 crypto ETF applications — including products tied to Solana and XRP — creating a cluster of fall deadlines for the agency.
“An ETF wrapper unlocks more than fresh liquidity,” said Lionel Iruk, managing partner at Empire Legal. He added that ETFs provide the compliance, custody and transparency frameworks institutional investors often require.
Why this matters: the delay extends regulatory uncertainty for HBAR and for the Bitcoin Cash and Litecoin trusts. Approval would broaden regulated access and likely boost liquidity, while additional review or rejection would keep those outcomes unclear and could affect market pricing and institutional demand.
Source: Decrypt. Read the original coverage for full details.
