Hedera and Dogecoin: New ETF Applications Submitted to the SEC
According to BTC-ECHO, the wave of cryptocurrency ETF applications continues to surge towards the U.S. Securities and Exchange Commission (SEC). On March 3rd, Grayscale, a prominent crypto asset manager, submitted a new ETF application for Hedera. The application was filed by Nasdaq on behalf of Grayscale through a 19b-4 form, which is a critical step in the two-stage process for ETF approval by the SEC. Once acknowledged by the SEC, the application will be published in the Federal Register, initiating the official review process.
The SEC typically takes 45 days from the Federal Register publication to review such applications, during which it gathers public comments and examines the proposal. The process can extend up to 240 days, depending on the SEC's decision to approve, reject, or delay the application. Grayscale has also submitted additional spot-ETF applications for cryptocurrencies such as Polkadot (DOT), XRP, Dogecoin (DOGE), and Cardano (ADA).
Simultaneously, NYSE Arca submitted a 19b-4 application for a Dogecoin ETF on behalf of Bitwise. This application follows an earlier S-1 form submission by Bitwise in January. The SEC acknowledged Grayscale's Dogecoin ETF application on February 13th, marking the start of its review process. If approved, the ETF could be one of the first memecoin ETFs listed in the U.S., providing institutional and retail investors with regulated access to Dogecoin. BTC-ECHO, a leading German-language platform for Bitcoin and blockchain news since 2014, reported these developments in detail. For more information, visit BTC-ECHO's official website at https://www.btc-echo.de/schlagzeilen/neue-etf-antraege-bei-sec-eingereicht-202945/.
Sources:
