SEC Delays ETF Decisions on Polkadot, Hedera, Bitwise

The U.S. Securities and Exchange Commission (SEC) has postponed decisions on Polkadot, Hedera, and Bitwise ETF applications until June 2025.

This decision involves strategic market interests and reflects on the evolving regulatory landscape, causing selective price changes among affected cryptocurrencies.

Grayscale, Canary, Bitwise ETF Applications Postponed

The SEC’s postponement affects applications from Grayscale, Canary Capital, and Bitwise Asset Management. The announcement impacts Polkadot and Hedera ETFs specifically, amid a busy regulatory climate. Grayscale seeks to convert its Polkadot Trust into an ETF, while Canary Capital targets a Hedera ETF. Bitwise includes Bitcoin and Ethereum in its dual ETF application.

DOT and HBAR Prices Rise Following News

Following the SEC’s announcement, Polkadot’s DOT rose 7%, while Hedera’s HBAR gained 5%, indicating market optimism despite the deferral. These ETF postponements suggest growing institutional interest in altcoins, potentially shaping future investment landscapes and interest among regulatory bodies.

Public Input Crucial in SEC Delays

The SEC had previously approved Bitcoin and Ethereum ETFs, setting a precedent for future applications. These delays often precede increased applicant scrutiny, not necessarily rejections. Experts note such postponements allow for more substantial public input and detailed evaluations, crucial as regulatory stances shift under the new SEC chair’s pro-crypto policies.

2025 is a ‘wild year’ for crypto ETFs” — Eric Balchunas, ETF Analyst, Bloomberg

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