【Shocking! SEC Delays Again, Is the Approval of Crypto ETFs Stuck in an 'Infinite Loop'?】

The U.S. Securities and Exchange Commission (SEC) has recently postponed its decision on multiple applications for cryptocurrency spot exchange-traded funds (ETFs), involving Polkadot (DOT), Hedera (HBAR), and dual funds for Bitcoin and Ethereum.

According to documents released by the SEC, the decision date for the HBAR ETF application submitted by Canary Capital and Grayscale's proposal to convert its Polkadot trust into an ETF has been extended to June 11, 2025.

Additionally, the SEC has also delayed its decision on the Bitcoin and Ethereum ETF application proposed by Bitwise, with a new deadline of June 10, 2025.

Currently, there are 72 cryptocurrency-related ETF proposals waiting for SEC approval in the market.

Although the SEC has previously approved Ethereum futures ETFs, there has still been no conclusion on the approval of spot or hybrid products.

In the context of the vacant SEC chairman position, the regulatory agency appears particularly cautious regarding the approval process for crypto ETFs.

Following the announcement of this decision delay, Hedera's price rose by 5%, while Polkadot increased by nearly 7% in the past 24 hours.

Investors and analysts generally believe that these delays are part of the SEC's standard review process; nonetheless, the market remains hopeful for the approval of crypto ETFs.