The evaluation date for the Bitcoin and Ethereum ETF applications submitted by Bitwise has also been postponed to June 10. The SEC stated in a statement regarding the Hedera application: "The Commission believes that having sufficient time to evaluate the proposed rule changes related to Amendment No. 1 and the issues it raises is necessary, and therefore has decided to extend the time for taking action." This approach clearly reflects the agency's intention to conduct a detailed review before approving new encryption products.

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