SEC Delays Decision On Canary Capital's HBAR Exchange-Traded Fund

The Securities & Exchange Commission (SEC) has postponed its decision regarding the approval of Canary Capital's Hedera (HBAR) exchange-traded fund. This delay comes only days after the Commission welcomed its new Chair, Paul Atkins, potentially implying that it will not take any drastic measures until Atkins fully settles into his role.

The Securities & Exchange Commission (SEC) has postponed its decision on whether to approve Canary Capital's proposed Hedera (HBAR) exchange-traded fund.

The Commission, which is also set to welcome its new Chair, Paul Atkins, is not expected to take any major action until Atkins has fully settled into his role.

According to a series of documents published by the Commission on Thursday, the HBAR ETF has been postponed to June 10. Meanwhile, several other ETF filings have also been postponed, including Grayscale's Polkadot (DOT) ETF and Bitwise's Bitcoin (BTC) and Ethereum (ETH) ETF.

The SEC said that the new deadline for a ruling on the filings will be June 11, as regulators continue their review process.

Paul Atkins to Speak at Tomorrow’s ‘Crypto Roundtable’

Crypto investors are hopeful that, under Atkins' leadership, the SEC may take a more favorable approach toward ETF approvals. His first major crypto roundtable as Chair is set for Friday, where industry leaders will gain further insight into the SEC's stance on pending applications.

In addition to crypto ETFs, Atkins's administration is also facing pressure to address broader regulatory concerns, such as providing clearer guidance on staking products and decentralized finance (DeFi).

Several high-profile crypto ETF proposals—including XRP, Solana, and Dogecoin ETFs—are still awaiting decisions, and the industry will be closely watching for any signals that the SEC's stance on digital assets could be shifting.

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