The U.S. SEC has delayed the decision on Grayscale's Hedera spot ETF, impacting multiple crypto ETFs. This extension prolongs the review deadline to June 2025, affecting assets like Hedera, Polkadot, Bitcoin, and Ethereum.
Historically, the SEC's practice of postponing ETF approvals has often led to market uncertainty. Despite previous positive expectations from Bitcoin and Ethereum ETF approvals, industry sentiment remains cautious yet patient.
CoinMarketCap indicates Hedera's price is currently $0.19, suggesting a notable decline in trading volume. Such delays may influence investor confidence but also potentially drive long-term regulatory engagement in the crypto space.
Full story here: https://coincu.com/334931-sec-grayscale-hedera-spot-etf-delay
