SEC Delays Bitwise Dogecoin and Grayscale Hedera ETF Decisions - Crypto Markets Hold Breath

Regulatory foot-dragging strikes again as the SEC pushes pause on two major altcoin ETF applications.

Bitwise's Dogecoin ETF and Grayscale's Hedera trust product face extended review periods—because why make timely decisions when you can create maximum uncertainty?

Market Impact: Immediate

Traders dump speculative positions as regulatory clarity gets kicked down the road—again. Meme coins and enterprise blockchain tokens both take hits when the SEC hits snooze.

The Pattern Continues

Same playbook, different assets. First Bitcoin ETFs fought for decade-long approvals. Now altcoins face the same bureaucratic marathon. Washington moves at government speed while crypto moves at internet speed.

Silver Linings?

Delays aren't rejections. Extended review periods suggest the SEC actually bothers to look at filings rather than issuing blanket denials. That's progress—by regulatory standards anyway.

Meanwhile, crypto markets keep evolving while traditional finance plays catch-up. DeFi protocols don't wait for permission—they just build. Maybe that's why they're eating Wall Street's lunch.

The current altcoin ETF landscape

The backlog of pending altcoin ETF applications continues to grow. According to Bloomberg Intelligence analyst James Seyffart, there are now 92 crypto-related exchange-traded products awaiting regulatory decisions. Among them, SOL and XRP are drawing the strongest institutional demand, with eight and seven ETF applications pending, respectively.

Meanwhile, momentum is building for new products. On Sept. 8, the agency acknowledged a filing for the Canary Staked SEI ETF, officially starting the review process for what WOULD be the first U.S.-listed SEI fund.

NEW: Here is a list of all the filings and/or applications I'm tracking for crypto ETPs here in the US. There are 92 line items in this spreadsheet. You will almost certainly have to squint and zoom to see but best I can do on here pic.twitter.com/lDhRGEQBoW