📊 SEC postpones decision on Polkadot and Hedera ETFs: what does this reveal about the future of cryptocurrencies?
The U.S. Securities and Exchange Commission (SEC) has once again postponed important decisions regarding the approval of cryptocurrency exchange-traded funds (ETFs). The proposals from Grayscale, Canary Capital, and Bitwise Asset Management have been postponed until June 2025, directly affecting ETFs linked to the cryptocurrencies Polkadot (DOT) and Hedera (HBAR).
⏳ An evolving regulatory landscape
These postponements reflect the dynamic and sometimes turbulent regulatory environment surrounding the crypto market. Grayscale seeks to convert its current Polkadot Trust into an ETF, while Canary Capital attempts to launch an ETF based on Hedera. Bitwise, for its part, proposed a dual ETF, including Bitcoin and Ethereum, assets that have already had ETFs approved by the SEC.
📈 Market reacts with optimism
Despite the delay in decisions, the market responded with enthusiasm. The price of DOT rose by 7%, while HBAR appreciated by 5% shortly after the announcement. This demonstrates that investors see the postponements as a natural step towards future approval — and not as a sign of rejection.
🗣️ Public participation gains importance
Experts say that these postponements also create room for greater public participation and in-depth analysis. The SEC, under new leadership with a more favorable stance towards cryptocurrencies, has been taking measures that may signal a new chapter for the sector.
🔮 2025: the decisive year for crypto ETFs?
According to Eric Balchunas, ETF analyst at Bloomberg, "2025 will be a wild year for cryptocurrency ETFs." The expectation is that this new regulatory cycle will bring structural changes and further legitimize digital assets in the traditional financial universe.
