SEC Delays Grayscale's Polkadot and Canary Capital's Hedera ETFs Until June 11

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on several cryptocurrency exchange-traded fund (ETF) proposals, including Grayscale's proposed spot Polkadot ($DOT) ETF, specifically the Grayscale Polkadot Trust, and Canary Capital's Hedera ($HBAR) ETF. The SEC has extended the review period for these ETFs, with final decisions now scheduled for June 11.

Additionally, the SEC has postponed its ruling on Bitwise's Bitcoin and Ethereum ETFs until June 10. This series of delays, which also involves Nasdaq's proposal to list the Grayscale Polkadot Trust, indicates a broader reevaluation by the SEC of its approach to crypto ETF approvals.

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