SEC Slams Brakes on Altcoin ETFs: Dogecoin and Hedera Hopes Hang in Balance

Until November 12, 2025, the SEC has postponed its decisions on two well-known altcoin ETF submissions: the Bitwise Dogecoin ETF and Grayscale Hedera ETF. Filed earlier this year, the Bitwise Dogecoin ETF hopes to be listed on NYSE Arca but draws fire because of Dogecoin's volatile market, limited liquidity, and general concern. worries about retail investors and queries regarding its fit for an ETF approach. Grayscale's Hedera ETF similarly depends on Nasdaq's still-to-be-approved rule change and fits Grayscale's overall plan of transforming its crypto trusts into ETFs.

Regulatory Obstacles Call Into Doubt the Viability of Newly Introduced Altcoin ETFs

While Grayscale advances its ETF aspirations with filings for Bitcoin Cash, the Bitwise proposal calls for Dogecoin's good liquidity and solid community support. inspired by its 2024 success with a Bitcoin ETF, Litecoin fund conversions also include. The SEC's deliberate position emphasizes, nevertheless, the regulatory difficulties of these altcoin ETFs. As with other cryptocurrencies, concerns about market manipulation and investor safety dominate the evaluation process.

Crypto ETF Rush Stalls as SEC Plays It Safe

The SEC's frequent delays highlight its careful approach in controlling altcoin ETFs. With Solana and XRP leading institutional interest, over 92 crypto-related ETF applications—including 31 spot altcoin ETFs—await in the pipeline. Past trends show the SEC's preference to fully use review periods, therefore implying they want to refine consistent standards for spot cryptocurrency ETFs before authorizing more general altcoin-based ETFs. Recent Solana and XRP product extensions back this deliberate strategy.