SEC Delays Grayscale Hedera ETF Decision to November 2025

The U.S. Securities and Exchange Commission has postponed its ruling on Grayscale''s proposed spot Hedera ETF, extending the review period to November 11, 2025. The delay reflects the regulator''s cautious stance on crypto-linked investment products despite growing market demand.

Grayscale initially filed the application in February 2025. The SEC''s latest deferral, announced just before its June 15 deadline, establishes a public comment period to evaluate Hedera''s market structure. Key concerns include potential manipulation risks, pricing transparency, and investor protections.

While the postponement may appear unfavorable, the SEC clarified that additional review time doesn''t indicate a predetermined outcome. The extended evaluation allows for comprehensive analysis of technical and legal considerations before final determination.