SEC Delays Decision on Grayscale’s Polkadot Trust, Extending Uncertainty for Market

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Grayscale’s application for a Polkadot Trust listing on the Nasdaq exchange until November 8th. This delay represents an extension of regulatory scrutiny over crypto ETFs, potentially impacting the Polkadot cryptocurrency market. Analysts anticipate that the SEC’s final decision will influence investor sentiment and could signal a path forward for other similar applications. The industry awaits clarity from the SEC regarding their stance on spot-based ETFs, contributing to uncertainty in the broader cryptocurrency market. ;