SEC Delays Polkadot Hedera ETF Decision

SEC Extends Review Period for Polkadot and Hedera ETFs

• The SEC has postponed its decision on the Grayscale Polkadot Trust and Canary HBAR ETF.
• This marks the third delay this year for cryptocurrency-related funds by the SEC.
• The decision deadline is now extended to June 11, 2025.
• Polkadot (DOT) and Hedera (HBAR) showed weekly gains of 17.9% and 22.17%, respectively.
• Paul Atkins is anticipated to become the new SEC Chairman, potentially influencing future decisions.

The SEC’s repeated postponements highlight ongoing regulatory hesitancy toward cryptocurrency ETFs, with a new decision deadline set for June 11, 2025. Despite delays, Polkadot and Hedera have shown significant weekly market gains.