SEC Delays Hedera and Polkadot ETFs: Implications for Crypto Market

The Securities and Exchange Commission (SEC) has extended the review period for proposed cryptocurrency exchange-traded funds (ETFs) targeting Hedera and Polkadot, signaling potential regulatory shifts in the crypto landscape. This delay, which comes with a public comment period extension, particularly impacts companies like Grayscale and Canary Capital. Hedera Foundation’s Gregg Bell emphasized the critical need to bridge traditional finance with crypto, highlighting 21Shares’ role in facilitating this process. The SEC’s decision to extend the review raises concerns about market momentum and regulatory uncertainty.