SEC delays decision on Polkadot ETF – What’s going on behind the scenes?
The post SEC delays decision on Polkadot ETF – What’s going on behind the scenes? appeared on BitcoinEthereumNews.com. Polkadot ETF delay highlights SEC’s cautious stance on new crypto products. DOT price surges despite ETF delay, as analysts predict targets up to $42. The U.S. Securities and Exchange Commission (SEC) has once again pressed pause on a key decision in the evolving ETF landscape, this time delaying its verdict on a proposed Polkadot-based exchange-traded fund. Polkadot ETF delayed In a regulatory filing dated the 24th of April, the agency announced it would extend its review period for the Grayscale Polkadot Trust until the 11th of June, nearly four months after Nasdaq submitted its initial request. This development arrives alongside another pending decision, as the SEC also weighs a separate application for Bitwise’s dual Bitcoin [BTC] and Ethereum [ETH] ETF, with a final call expected by the 10th of June. This highlights a new wave of crypto ETF proposals is sweeping through the financial sector, with firms like Canary Capital, Grayscale Investments, and Bitwise Asset Management leading the charge. Other institutions and their ETF filings Building on the momentum generated by the launch of spot Bitcoin and Ethereum ETFs last year, the market is now brimming with anticipation, evidenced by the 72 crypto-focused ETF applications currently pending with the SEC. Canary Capital has taken an especially aggressive approach, recently submitting filings for ETFs tied to Tron [TRX] with integrated staking capabilities, as well as funds focused on Solana [SOL], PENGU, and Sui [SUI]. On the other hand, Grayscale is broadening its reach beyond legacy tokens, pushing for ETFs that would track assets such as Cardano [ADA], Ripple [XRP], Dogecoin [DOGE], Litecoin [LTC], and Avalanche [AVAX]. Bitwise, too, is diversifying its lineup with filings for DOGE and Aptos [APT] ETFs. Needless to say, the rush isn’t limited to crypto-native firms; traditional financial institutions are also racing to capture market share in…
The post SEC delays decision on Polkadot ETF – What’s going on behind the scenes? appeared on BitcoinEthereumNews.com.
Polkadot ETF delay highlights SEC’s cautious stance on new crypto products. DOT price surges despite ETF delay, as analysts predict targets up to $42. The U.S. Securities and Exchange Commission (SEC) has once again pressed pause on a key decision in the evolving ETF landscape, this time delaying its verdict on a proposed Polkadot-based exchange-traded fund. Polkadot ETF delayed In a regulatory filing dated the 24th of April, the agency announced it would extend its review period for the Grayscale Polkadot Trust until the 11th of June, nearly four months after Nasdaq submitted its initial request. This development arrives alongside another pending decision, as the SEC also weighs a separate application for Bitwise’s dual Bitcoin [BTC] and Ethereum [ETH] ETF, with a final call expected by the 10th of June. This highlights a new wave of crypto ETF proposals is sweeping through the financial sector, with firms like Canary Capital, Grayscale Investments, and Bitwise Asset Management leading the charge. Other institutions and their ETF filings Building on the momentum generated by the launch of spot Bitcoin and Ethereum ETFs last year, the market is now brimming with anticipation, evidenced by the 72 crypto-focused ETF applications currently pending with the SEC. Canary Capital has taken an especially aggressive approach, recently submitting filings for ETFs tied to Tron [TRX] with integrated staking capabilities, as well as funds focused on Solana [SOL], PENGU, and Sui [SUI]. On the other hand, Grayscale is broadening its reach beyond legacy tokens, pushing for ETFs that would track assets such as Cardano [ADA], Ripple [XRP], Dogecoin [DOGE], Litecoin [LTC], and Avalanche [AVAX]. Bitwise, too, is diversifying its lineup with filings for DOGE and Aptos [APT] ETFs. Needless to say, the rush isn’t limited to crypto-native firms; traditional financial institutions are also racing to capture market share in…
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