SEC Delays Decision on Polkadot & Hedera ETFs, Signaling Cautious Approach

The U.S. Securities and Exchange Commission (SEC) has pushed back its decision deadlines for several cryptocurrency exchange-traded fund (ETF) applications, including Grayscale’s Polkadot Trust and Canary’s HBAR ETF. Applications were initially slated for a June 1 deadline but have been postponed to June 11th. The SEC also delayed the decision on Bitwise’s Bitcoin and Ethereum ETFs to June 10th.