The United States Securities and Exchange Commission (SEC) has postponed making a decision on whether it will approve a proposed ETF that would hold Polkadot’s native cryptocurrency.
The SEC has extended its decision date to June 11, according to an April 24 filing. Currently, the agency is reviewing around 70 other ETF proposals. This is just a month after Nasdaq applied to list Grayscale’s Polkadot Trust on February 24.
In a recent tweet on April 21, Eric Balchunas, an analyst at Bloomberg, said, “Asset managers are pitching ETFs for everything from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and everything in between.”
Grayscale has already rolled out several crypto funds, including spot Bitcoin (BTC) and Ether (ETH) ETFs. The company is trying to get more ETFs approved, like one tied to Polkadot. The approval process has gotten tougher, as the SEC reviews each fund thoroughly.
A new ETF focused on Polkadot…
