SEC Delays Grayscale’s Polkadot ETF Application: Impacts and Potential Implications

The U.S. Securities and Exchange Commission (SEC) has delayed the approval of Grayscale’s proposed spot Polkadot ETF application, signaling continued regulatory caution regarding crypto investments. This decision affects investors seeking regulated access to Polkadot exposure through an ETF, pending further SEC action. The delay underscores a broader pattern in the SEC’s cautious approach to digital asset products, with potential market implications but without immediate disruptions.