The U.S. Securities and Exchange Commission (SEC) has extended.
The deadline for the Bitwise Dogecoin ETF and Grayscale Hedera ETF is November 12, 2025.
As of August 29, 2025, more than 90 applications for exchange-traded cryptocurrency funds are still awaiting approval.
Bitcoin and Ether ETFs have recorded investment inflows on September 9, 2025.
The U.S. Securities and Exchange Commission has postponed the approval of two exchange-traded funds for alternative cryptocurrencies, namely the Bitwise Dogecoin ETF and the Grayscale Hedera ETF, causing uncertainty among cryptocurrency exchange-traded fund traders and investors. This delay has expanded the list of applications, bringing the total to over 90. At the same time, Bitcoin and Ethereum exchange-traded funds continue to attract incoming flows while also recording outflows.
The U.S. Securities and Exchange Commission has postponed the review of the applications for the Dogecoin ETF and Hedera ETF.
The applications for the Bitwise Dogecoin ETF and Grayscale Hedera ETF will be reviewed again on November 12, 2025. It is said that this delay aims to ensure the approval of both applications only after studying the related proposals and public comments. This delay has elicited little response from cryptocurrency enthusiasts, with some asserting that this postponement will not hinder their approval.
According to a document from the U.S. Securities and Exchange Commission, the revised date for reviewing the trading fund applications is within the specified timeframe, which began on September 13, 2025. This gives the authority an additional 60 days to approve or reject the applications. Interestingly, the Bitwise Dogecoin ETF application was first submitted in March of this year.
The list of pending cryptocurrency exchange-traded funds is increasing
The U.S. Securities and Exchange Commission (SEC) has now listed 92 cryptocurrency exchange-traded funds on its list, awaiting final approval on August 29, 2025. This includes funds like XRP, Solana, and Dogecoin, indicating significant institutional interest in cryptocurrency exchange-traded funds. However, the postponement of cryptocurrency exchange-traded fund applications simultaneously shows that the future is uncertain, despite the optimistic forecasts from the CEO of Ripple regarding its prosperous future.
The authority previously postponed the requests for the 21Shares and Bitwise Solana funds. Their revised date is October 16, 2025, followed by October 19, 2025, for the 21Shares Core XRP Trust. It remains to be seen whether October 2025 will see more extensions, or at least some approvals to reactivate flows towards alternative cryptocurrency exchange-traded funds.
Flows into Bitcoin and Ethereum exchange-traded funds
Bitcoin and Ethereum exchange-traded funds maintain their market position, with regular inflows and outflows. Bitcoin exchange-traded funds recorded inflows of $23 million on September 9, 2025, led by the BlackRock IBIT fund, achieving inflows of $169.3 million. The cumulative inflows to Bitcoin exchange-traded funds total $54.855 million on September 9, 2025.
Ethereum exchange-traded funds broke the outflow streak by recording inflows of $44.2 million on the same date. The BlackRock Ethereum exchange-traded fund led this positive flow into the market, bringing the cumulative total to $12.691 million. With over 90 cryptocurrency exchange-traded fund applications pending approval, Bitcoin and Ethereum exchange-traded funds are looking to maintain healthy flows in the market.$SOL
