{"id":127908,"date":"2025-04-24T22:21:00","date_gmt":"2025-04-24T22:21:00","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127908"},"modified":"2025-04-24T22:21:00","modified_gmt":"2025-04-24T22:21:00","slug":"sec-delays-decision-on-polkadot-etf","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127908","title":{"rendered":"SEC delays decision on Polkadot ETF"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsThe US Securities and Exchange Commission (SEC) has delayed a decision on whether to approve a proposed exchange-traded fund (ETF) holding Polkadot\u2019s native token, regulatory filings show.\u00a0<br \/>\nAccording to an April 24 filing, the regulator has extended its deadline for a final ruling until June 11, nearly four months after the Nasdaq sought permission to list Grayscale Polkadot Trust on Feb. 24.<br \/>\nGrayscale\u2019s ETF filing adds to a roster of roughly 70 proposed ETFs awaiting SEC approval, including funds holding altcoins, memecoins, and crypto-related financial derivatives, according to Bloomberg Intelligence.\u00a0\u00a0<br \/>\nAsset managers are pitching ETFs for \u201c[e]verything from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and everything in between,\u201d Bloomberg analyst Eric Balchunas said in an April 21 post on the X platform. Asset manager 21Shares is also awaiting permission to list its own Polkadot ETF.<br \/>\nPolkadot is a layer-1 blockchain network launched in 2020. Its native token, DOT (DOT), has a market capitalization of approximately $6.6 billion as of April 24, according to CoinMarketCap.<br \/>\nPolkadot\u2019s price over time. Source: CoinMarketCapRelated: Institutions break up with Ethereum but keep ETH on the hook<br \/>\nAltcoin ETF pipeline<br \/>\nGrayscale is among multiple asset managers seeking regulatory clearance to list altcoin ETFs in the US.\u00a0The company is already behind several crypto funds, including spot Bitcoin (BTC) and Ether (ETH) ETFs.\u00a0<br \/>\nThe asset manager has also asked for permission to launch ETFs holding tokens such as Solana (SOL), Litecoin\u00a0(LTC), XRP (XRP), Dogecoin (DOGE), and Cardano (ADA).<br \/>\nCrypto ETFs scheduled for SEC review. Source:\u00a0Eric Balchunas\/BloombergThe pipeline of proposed fund listings comes as more than 80% of institutional investors say they plan to boost allocations to crypto in 2025, according to a March report by Coinbase and EY-Parthenon.\u00a0<br \/>\nHowever, analysts caution that demand for altcoin ETFs is likely to be much more limited than for funds holding core cryptocurrencies such as Bitcoin and Ether.\u00a0<br \/>\n\u201cHaving your coin get ETF-ized is like being in a band and getting your songs added to all the music streaming services,\u201d Balchunas said.\u00a0<br \/>\n\u201cDoesn\u2019t guarantee listens but it puts your music where the vast majority of the listeners are.\u201d<br \/>\nMagazine:\u00a0Altcoin season to hit in Q2? Mantra\u2019s plan to win trust: Hodler\u2019s Digest, April 13 \u2013 19<a href=\"https:\/\/cointelegraph.com\/news\/sec-punts-decision-on-polkadot-etf?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsThe US Securities and Exchange Commission (SEC) has delayed a decision on whether to approve a proposed exchange-traded fund (ETF) holding Polkadot\u2019s native token, regulatory filings show.\u00a0 According&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127908"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127908"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127908\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127908"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}