SEC Delays Decision on Grayscale’s Polkadot ETF Application

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on Grayscale’s application for a spot Polkadot exchange-traded fund (ETF). The postponement follows the SEC’s ongoing review of the proposal, which seeks to provide investors with exposure to the Polkadot cryptocurrency through a regulated ETF format. This delay reflects the SEC’s cautious approach towards the expanding digital asset market.