SEC Delays Decision on Hedera ETF Application – Coincu

The U.S. Securities and Exchange Commission (SEC) has postponed their decision on the Hedera ETF application submitted by Canary Capital, as reported by PANews on June 11, 2025.

The postponement holds significance as it affects Hedera’s potential market accessibility and reflects the regulatory body’s cautious approach towards cryptocurrency-based financial products.

SEC Sets New Review Date for Hedera ETF

The SEC Chair, Paul Atkins, announced the extension of the review period for the Hedera ETF, allowing more time for public comment and further consideration. Canary Capital, the primary applicant, is among those seeking SEC clearance as institutional interest rises.

Market implications are substantial, as the decision affects not only Hedera (HBAR) but also similar applications, including those for Polkadot and other major cryptocurrencies. This postponement marks a continued period of uncertainty for investors looking for official ETF products.

Official reactions are limited since Canary Capital has not released any public statements. Chair Paul Atkins has remarked, “The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein.” The market shows a typical wait-and-see attitude as a result of these developments.

Historical Market Context and Expert Analysis

Did you know? The SEC previously delayed Bitcoin and Ether ETFs numerous times before approval, influencing market anticipation and trading volume similarly to the Hedera situation.

CoinMarketCap reports Hedera (HBAR) at $0.18 with a market cap of $7.60 billion and a trading volume of $135.97 million, marking an 8.20% increase. Its circulating supply is 42.24 billion against a max supply of 50 billion tokens, showing varied performance in recent periods, including a 90-day dip of 9.10%.

Experts from the Coincu research team suggest potential outcomes for Hedera could involve prolonged institutional hesitation due to regulatory ambiguities. The SEC’s cautious stance on crypto ETFs highlights regulatory challenges, impacting broader acceptance in traditional finance sectors.