SEC Delays ETF Decisions as Dogecoin Fund Nears Listing
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on proposed crypto exchange-traded funds (ETFs) from Bitwise and Grayscale. The regulator cited the need for additional time before issuing approvals or denials on applications involving tracking digital asset indexes, including exposure to popular memecoins like Dogecoin.
Bitwise and Grayscale Await Regulatory Action
Bitwise's proposed Dogecoin ETF is among several under review by the SEC. The fund is designed to track Dogecoin's performance, offering investors an alternative method of gaining exposure to the asset. Grayscale is also seeking approval for a spot ETF based on Hedera's HBAR token. Both proposals are subject to ongoing regulatory scrutiny.
REX-Osprey Dogecoin ETF Set for Market Debut
In contrast, REX Shares and Osprey Funds are preparing to launch a separate Dogecoin ETF. The product is scheduled to begin trading this Thursday. According to its prospectus, the ETF will provide Dogecoin exposure through investments in a Cayman Islands-based subsidiary, the REX-Osprey DOGE (Cayman) Portfolio S.P.
Regulatory Outlook and Industry Context
New SEC Chairman Paul Atkins has outlined a more comprehensive approach to digital asset oversight. Currently, regulators are reviewing close to 100 crypto-related ETF applications. Market participants are closely watching how these decisions could influence investor access to cryptocurrencies.
The latest developments highlight the ongoing complexity of launching crypto investment products in the U.S. While some funds are nearing approval or listing, many are still navigating the evolving regulatory process.
Related content
Comments
