The SEC delays the decision about Grayscale Hedera Trust while the updates of the Bitcoin Cash company, Litecoin’s presentations

The SEC has delayed its decision on Nasdaq’s offer to list the hedeic trustee of the gray scale when the investment company presented updated records for its Bitcoin Cash and Litecoin trusts.

The SEC is designating on November 12 as the new deadline, according to a order In Grayscale Trust Hedera published on Tuesday.

On the same day, Grayscale filed registration statements for his Bitcoin Cash Trust and Litecoin Trustwhich were presented in form S-3 as existing vehicles that already inform the SEC.

Bank of New York Mellon appears as administrator, while Coinbase will serve as custodian and main corridor. Both funds are structured to list Nyse Arca.

Separately, the gray scale has presented a S-1 form For Hedera Trust, marking your initial record with the SEC the same day. The S-1 describes a new product that would be negotiated under the HBAR ticket, depending on the application for change of rules pending Nasdaq to allow its list.

According to the US Law. UU., SEC normally has 180 days to decide on a change of proposed change rule, but You can add Another 60 days, often to review the comments or amendments before making a final decision.

The last delay is part of a broader pattern.

In early August, the SEC exercised Its final procedure extension in ETF applications of pending Solana, taking the deadline to October 16.

The Commission decided that it would need more time to evaluate the proposals of CBOE BZX of Bitwise and 21Shares, as well as other presentations of Canarian funds and marinated finance.

Before August ends, about 90 ETF crypto applications It had aligned for SEC action, which covers products linked to Bitcoin, Ethereum, Solana, XRP and other digital assets.

The majority are grouped around the deadlines established by autumn, which increases the possibility of multiple failures in rapid succession as the commission weighs to what extent extend the approval beyond Bitcoin and Ethereumwhich were approved last year.

“Assets with short -term ETF products decisions often receive premium prices in the open market,” said Lionel Iruk, managing partner of Empire Legal, in a statement shared with Decipher.

An ETF wrap “unlocks more than a new liquidity for digital assets,” he said. “Provides compliance, custody and transparency frameworks that traditional investors often require before making any investment decision.”

This structure “amplifies its appeal beyond the cryptographic native audience,” he said, added that the attractiveness of cryptographic ETF is anchored in its “potential transition of speculative enthusiasm to structured and regulated offers that meet institutional standards.”