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SEC Pushes Back Grayscale Hedera Trust Listing Decision
10 Sep
Summary
- SEC delays Nasdaq's Grayscale Hedera Trust listing decision to November 12
- Grayscale files registration statements for Bitcoin Cash and Litecoin Trusts
- Over 90 crypto ETF applications await SEC action, with decisions expected soon
On September 10, 2025, the U.S. Securities and Exchange Commission (SEC) announced that it has pushed back its decision on Nasdaq's bid to list the Grayscale Hedera Trust. The new deadline is now set for November 12, 2025.
Separately, Grayscale has filed registration statements for its Bitcoin Cash Trust and Litecoin Trust, both of which are structured to list on the NYSE Arca exchange. These existing vehicles already report to the SEC, with Bank of New York Mellon as the administrator and Coinbase serving as custodian and prime broker.
The SEC's delay on the Grayscale Hedera Trust is part of a broader pattern of the commission taking more time to assess a growing backlog of crypto-related exchange-traded fund (ETF) applications. Earlier this year, the SEC exercised its final procedural extension on pending Solana ETF applications, pushing the deadline to October 16, 2025.
With over 90 crypto ETF applications now lined up for SEC action, spanning products tied to Bitcoin, Ethereum, Solana, XRP, and other digital assets, the commission is expected to make multiple rulings in quick succession in the coming months. These decisions are highly anticipated, as crypto ETFs are seen as a way to unlock fresh liquidity and provide the compliance, custody, and transparency frameworks that traditional investors often require before making any investment decision.
