The Securities and Exchange Commission (SEC) has extended the deadline for its review of 21Shares’ proposed Polkadot spot exchange-traded fund (ETF). This delay underscores ongoing regulatory scrutiny within the cryptocurrency market, raising questions about its future and potential impact on Polkadot’s valuation. The SEC’s cautious approach to crypto-based financial products continues to influence investor sentiment and create uncertainty in the market. 21Shares’ ETF, which would offer U.S. investors indirect exposure to Polkadot, has been under review for several months. Past delays in similar ETF assessments have historically influenced market behavior. The SEC’s extended timeline suggests a potential for further regulatory caution within the cryptocurrency sector, affecting altcoins broadly and potentially impacting governance tokens linked to networks such as Polkadot.