SEC Postpones Verdict on Polkadot, Hedera ETFs Amid Broader Crypto ETF Delays
The post SEC Postpones Verdict on Polkadot, Hedera ETFs Amid Broader Crypto ETF Delays appeared on BitcoinEthereumNews.com.
The SEC has postponed decisions on ETF proposals for Polkadot, Hedera, Avalanche, and Dogecoin, citing the need for further evaluation and public feedback. Regulators Delay Verdict on Multiple Altcoin ETFs The U.S. Securities and Exchange Commission (SEC) has once again extended its decision timelines for a series of proposed cryptocurrency exchange-traded funds (ETFs), including those tied to Polkadot and Hedera. The latest delays highlight the regulator’s cautious stance on approving crypto-based investment products amid growing market demand. In its latest regulatory filing, the SEC confirmed the extension of the review period for Canary Capital’s proposed Hedera ETF. This decision came just ahead of the fund’s second deadline, with the Commission opting to request additional comments instead of issuing an approval or rejection. The move follows a similar pattern seen with Grayscale’s application for a Polkadot ETF, which also faced a postponement on its second decision date. New Deadlines Set for September and November The next deadlines for both the Hedera and Polkadot ETFs have been scheduled for September 9 and November 8, 2025. Until then, the SEC is expected to gather public feedback and continue its assessment of market risks and potential investor protection measures associated with these altcoin-linked investment products. Other ETF Decisions Also Deferred Alongside Hedera and Polkadot, the SEC has also extended its review of the VanEck Avalanche Trust ETF proposal and the Bitwise Dogecoin ETF, backed by Coinbase Custody. Initially filed in March 2025, the Bitwise Dogecoin ETF proposal offers investors exposure to Dogecoin without direct ownership of the asset. Its public comment period has been extended, further adding to the growing list of pending crypto ETF applications. Initially filed with the Commission on April 9, 2025, by the Nasdaq Stock Market, the Avalanche Trust ETF application sought to list the fund under Nasdaq Rule 5711(d),…
Filed under: News - @ June 14, 2025 2:24 pm