SEC delays a decision on Greiscale Polkadot ETF

The American Commission for Securities and Exchange delayed its decision on Greiscale application for the Shares of Share Polkadot Spot Excrand Fund.

SEC said in a submission 24. April 2025. year extending the period under which must be approved or dismissed by the place of Polkadot (Dot).

The regulator’s delay comes with the influx of crypto ETF proposal before, and the number transmits numerous months after exiting the former Chair Chair Gars Gensler.

For Greiscale Polkadot ETF, the Agency has expanded its own deadline until 11. June 2025.

This new date belongs to the 90-day regulatory time lane, during which SEC must or approve or reject the proposed change in the rules. Greiscale wants to turn his existing polkadote trust in an Shopping fund.

“The Commission is appropriate to mark the extent in which it will take action to change the proposed rules, so it has enough time to consider changes to the proposed rules and issues in it,” SEC wrote in the application.

Neđadda filed a form 19B-4 in Sec. February 2025, which requires approval for the list and trade to the Trust Trust Griscale Polkadot. The Seca then published a proposal in the Federal Course Register 13. March 2025. years.

The publication of proposals in the Federal Register opens the regulatory time limit in which the Agency must approve, disapproving or institutes the procedure directed if the application should not be approved.

The initial deadline for this decision is 45 days, which in the case of gray Polkadot ETF, fall 27. April 2025. as such, SEC extended 90 days – until June11.

The Agency also postponed decisions on other profile applications of CRIPTO ETF ETF, including Kanarian HBAR ETF and in Bobro Bitcoin and Etherum ETF. They both have a new period of 10. June 2025.

Nasdak was initially submitted by the HBAR ETF 21. February, before the application was changed 4. March 2025. years. The second announced the proposed change in the rules in the Federal Register 13. March 2025.