According to an SEC statement, the securities watchdog is holding back its decision to either approve or reject Grayscale's Hedera ETF filing.
The US Securities and Exchange Commission (SEC) has pushed back its final decision on a Grayscale spot Hedera exchange-traded fund (ETF) application.
According to an SEC statement, the securities watchdog is deferring its decision to either approve or reject Grayscale’s Hedera ETF filing.
The post US SEC Delays Final Decision on Grayscale Spot Hedera ETF After June 15 Deadline appeared first on TokenInsight.
The delayed decision comes ahead of the second deadline on June 15, with the SEC instead designating a longer time to review the application.
Instead of giving a clear decision, the SEC is now instituting proceedings, using the additional time to collect feedback and public comments on Grayscale’s filing.
Particularly, the SEC wants interested parties to comment on the suitability of an HBAR ETF while also highlighting any issues with the proposed product.
“The Institution of proceedings does not indicate that the Commission has reached any conclusion with respect to any of the issues involved. Rather, the Commission seeks and encourages interested persons to provide comments on the proposed rule change, or any aspect of the matter, in accordance with Commission Regulation 12B-4.”
This is a developing story and will be updated as more facts emerge.
The post US SEC Delays Final Decision on Grayscale Spot Hedera ETF After June 15 Deadline appeared first on TokenInsight.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
