{"id":175841,"date":"2025-06-11T14:09:08","date_gmt":"2025-06-11T14:09:08","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/175841\/"},"modified":"2025-06-11T14:09:08","modified_gmt":"2025-06-11T14:09:08","slug":"why-sec-delayed-its-polkadot-hedera-etf-decisions-and-whats-next","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/175841\/","title":{"rendered":"Why SEC delayed its Polkadot, Hedera ETF decisions, and what&#8217;s next"},"content":{"rendered":"<ul>\n<li>SEC delays Polkadot and Hedera ETFs, seeking more public input.<\/li>\n<li>Analysts foresee crypto ETF approvals in Q4 2025, not sooner.<\/li>\n<\/ul>\n<p>As anticipation builds around several crypto ETF applications awaiting regulatory clarity, two more digital asset funds, focused on <a href=\"https:\/\/ambcrypto.com\/category\/polkadot-news\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Polkadot [DOT]<\/a> and <a href=\"https:\/\/ambcrypto.com\/predictions\/hedera-hashgraph-price-prediction\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Hedera [HBAR]<\/a>, have now entered the spotlight.<\/p>\n<p>Hedera, Polkadot ETF decisions delayed<\/p>\n<p>The U.S. Securities and Exchange Commission (SEC) has issued a fresh statement requesting additional public input on these proposals, effectively postponing its decision past the upcoming second deadline.<\/p>\n<p>This move signals the agency\u2019s continued cautious approach to crypto-linked investment products, even as market participants await definitive approval timelines.<\/p>\n<p>Right before the second deadline, the SEC chose to delay its decision on Canary Capital\u2019s proposed Hedera ETF and Grayscale\u2019s Polkadot ETF.<\/p>\n<p>Instead of issuing a ruling, the agency announced it would open the proposals to additional public commentary.<\/p>\n<p>These delays push the third deadline to the 9th of September, with a final ruling expected by the 8th of November.<\/p>\n<p>In a similar move, the SEC has also <a href=\"https:\/\/ambcrypto.com\/sec-delays-decision-on-sui-spot-etf-what-it-means-for-crypto-investors\/amp\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">delayed<\/a> its response to the Canary Spot SUI ETF, deepening the uncertainty surrounding the future of these digital asset funds.<\/p>\n<p>What are analysts anticipating?<\/p>\n<p>Bloomberg analyst James Seyffart has indicated that the U.S. SEC is unlikely to approve the pending crypto ETF applications in the near term.<\/p>\n<p>According to Seyffart, green lights for the proposed Polkadot and Hedera ETFs might not arrive until the fourth quarter, closer to their respective final deadlines later this year.<\/p>\n<p>In fact, Eric Balchunas also <a href=\"https:\/\/ambcrypto.com\/analyst-predicts-memecoin-etfs-by-2026-but-one-hurdle-remains\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">believes<\/a> the same \u2013<\/p>\n<blockquote>\n<p>\u201cReally good chance this exists at some point. First we\u2019ll get slew of active crypto ETFs (eta Winter 2025). Active memecoin-only likely 2026 tho.\u201d<\/p>\n<\/blockquote>\n<p>For context, Grayscale remains the sole applicant for a Polkadot ETF, while both Grayscale and Canary Capital are pursuing HBAR ETFs, though Canary submitted its application first.<\/p>\n<p>With the second deadline for Grayscale\u2019s HBAR ETF approaching on the 15th of June, another delay from the SEC appears likely.<\/p>\n<p>Suggestions for the SEC<\/p>\n<p>In the meantime, Canary Capital, along with VanEck and 21Shares, has called on the Commission to revive the \u2018first-to-file\u2019 approval model, arguing that such a framework would enhance fairness and competitiveness in the ETF market.<\/p>\n<p>While the SEC has yet to address the industry\u2019s appeal to <a href=\"https:\/\/ambcrypto.com\/etf-issuers-latest-warning-secs-approval-process-kills-innovation-aids-giants\/amp\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">reinstate<\/a> the \u2018first-to-file\u2019 rule, a favorable response could give Canary Capital an edge over Grayscale in launching the first Hedera ETF.<\/p>\n<p>Price action of DOT and HBAR<\/p>\n<p>However, despite the regulatory delays and ongoing discussions, the market reaction remained muted.<\/p>\n<p>For instance, DOT <a href=\"https:\/\/coinmarketcap.com\/currencies\/polkadot-new\/\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">traded<\/a> at $4.30, reflecting a 4.52% gain over the past 24 hours, while HBAR saw a modest 1.65% <a href=\"https:\/\/coinmarketcap.com\/currencies\/hedera\/\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">increase<\/a>, reaching $1.798.<\/p>\n<p>This indicates that investor sentiment around these tokens remains relatively stable, even as ETF decisions hang in the balance.<\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/bitcoin-fails-to-break-111k-is-this-the-end-of-btcs-uptrend\/\" rel=\"prev noopener\" data-wpel-link=\"internal\" target=\"_blank\">Bitcoin fails to break $111K \u2013 Is this the end of BTC\u2019s uptrend?<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"SEC delays Polkadot and Hedera ETFs, seeking more public input. Analysts foresee crypto ETF approvals in Q4 2025,&hellip;\n","protected":false},"author":2,"featured_media":175842,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[52,51,16,15],"class_list":{"0":"post-175841","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-business","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114665132076775719","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/175841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=175841"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/175841\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/175842"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=175841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=175841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=175841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}