The U.S. Securities and Exchange Commission (SEC) has opted to extend its review period for two proposed crypto ETFs: the Bitwise Dogecoin ETF and the Grayscale Hedera (HBAR) ETF.

The Bitwise Dogecoin ETF, with Coinbase Custody as its custodian, aims to provide investors with exposure to Dogecoin without the need to directly hold the cryptocurrency. Originally filed on March 3, 2025, the proposal entered a public comment period, which has now been extended to allow the SEC additional time for evaluation.

Grayscale seeks to introduce an ETF that tracks the performance of Hedera (HBAR), another prominent crypto asset. This trust would exclusively hold HBAR and be listed on Nasdaq. Like the Dogecoin ETF, this offering is also backed by Coinbase Custody. The ETF's purpose is to facilitate access to Hedera for traditional investors, enabling them to gain exposure without the complexities of direct HBAR purchase and storage. This proposal was initially filed on February 28, 2025, and subsequently entered its own public comment phase.

The SEC has neither approved nor rejected these Dogecoin and Hedera ETF proposals at this stage. Instead, the commission has chosen to prolong the review process by initiating formal proceedings. This move is intended to solicit further public input and enable a more comprehensive analysis. These delays do not necessarily indicate rejection; rather, they reflect the SEC's cautious approach as investment products based on cryptocurrencies become increasingly prevalent.