Crypto Market Movers
By Sakamoto Nashi
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Updates to Bitcoin Cash and Litecoin Trusts. Alongside the Hedera filing, Grayscale submitted updated registration statements for its Bitcoin…
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Part of a Growing Wave of Crypto ETF Applications. The Hedera delay fits into a broader trend of ETF review extensions by the SEC.
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Why ETF Approvals Matter for Crypto Markets. According to Lionel Iruk, managing partner at Empire Legal, assets tied to near-term ETF decisions…
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Market Implications of Grayscale’s Filings. Grayscale’s new filings indicate an ongoing strategy to expand regulated access to multiple…
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Broader Context of SEC Oversight. The SEC has historically exercised caution regarding crypto ETFs, approving Bitcoin and…
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Looking Ahead for Investors. With the November 12 deadline approaching, investors are closely monitoring the SEC’s action on…
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The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Grayscale’s Hedera Trust, now setting November 12, 2025, as the new review deadline.
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Grayscale’s Hedera Trust would trade under the ticker HBAR, contingent on Nasdaq’s pending rule-change request to list the asset.
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Alongside the Hedera filing, Grayscale submitted updated registration statements for its Bitcoin Cash (BCH) Trust and Litecoin (LTC) Trust, both structured to list on NYSE Arca.
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For both trusts, Bank of New York Mellon is listed as the administrator, while Coinbase will act as custodian and prime broker.
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The Hedera delay fits into a broader trend of ETF review extensions by the SEC. Earlier in August, the Commission extended the deadlines for Solana ETF applications, including…
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Currently, the SEC has over 90 pending crypto ETF applications covering a range of digital assets, including Bitcoin, Ethereum, Solana, and XRP.
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“ETFs amplify the appeal of digital assets beyond the crypto-native audience,” Iruk said. “They transition the market from speculative enthusiasm to structured, regulated…
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By updating the BCH and LTC filings, Grayscale ensures that these trusts remain current with SEC regulations and prepared for potential listing and trading expansions.
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The SEC has historically exercised caution regarding crypto ETFs, approving Bitcoin and Ethereum-based products first in 2021 and 2022.
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