SEC Delays Grayscale’s Polkadot ETF Decision, Pushing Timeline to June

The U.S. Securities and Exchange Commission (SEC) has extended the review period for Grayscale’s proposed Polkadot exchange-traded fund (ETF). Initially set to make a decision by April 24th, 2025, the SEC now aims to reach a resolution on June 11th, 2025. The delay is attributed to the need for additional time and analysis regarding Grayscale’s application and Nasdaq’s proposed rules for listing Polkadot Trust shares.