The SEC postpones decisions on Polkadot and Hedera ETFs, over 70 filings await clarity
The agency would extend the deadline to June 11 to decide on Grayscale's offer to convert its Polkadot Trust and Canary's proposal to list a Hedera (HBAR) ETF.
A separate delay was also announced for the Bitwise Bitcoin and Ethereum ETF, now moved to June 10.
The delays come as the SEC, under new chair Paul Atkins, faces a backlog of over 70 cryptocurrency ETF filings.
The U.S. Securities and Exchange Commission has postponed its decisions on cryptocurrency ETF proposals linked to Polkadot and Hedera, amid a broader wave of applications waiting for regulatory clarity.
The agency said Thursday it would extend the deadline to June 11 to decide on Grayscale's offer to convert its Polkadot Trust and Canary's proposal to list a Hedera (HBAR) ETF.
A decision was expected by the end of this week. A delay was also announced for the Bitwise Bitcoin and Ethereum ETF, which is now postponed until June 10.
In its presentation, the SEC cited the need for "sufficient time to consider the proposed rule change and the issues raised in it."
