Algorithmic Ratings & Investment Analysis
©ARIA 2025
by aria-crypto.com
April 25, 2025 at 19:21
SEC Postpones Polkadot ETF Decision Amidst Surge in Crypto Investor Optimism
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on a proposed Polkadot-based exchange-traded fund (ETF), extending its review period until June 11.
This move follows nearly four months after Nasdaq submitted its initial application for the Grayscale Polkadot Trust.
In addition to this, the SEC is also deliberating on a separate ETF application from Bitwise that combines Bitcoin and Ethereum, with a decision expected by June 10.
The current climate reflects a burgeoning market for crypto ETFs, spurred by the earlier launches of Bitcoin and Ethereum spot ETFs.
Firms like Canary Capital, Grayscale Investments, and Bitwise Asset Management are at the forefront, with a total of 72 crypto-focused ETF applications currently pending.
Canary Capital, in particular, has proposed innovative ETFs tied to Tron, Solana, and others, incorporating staking capabilities.
In light of the increasing interest, financial analyst Eric Balchunas predicts 2025 will be a pivotal year for crypto ETFs, likening the situation to gaining exposure on major music platforms.
Despite the SEC's regulatory hurdles, Polkadot (DOT) has shown remarkable performance, rising 15.1% in the past week.
At the time of writing, DOT was trading at $4.34, reflecting an 8.23% increase in just 24 hours.
This strong momentum indicates growing investor confidence despite potential uncertainties in regulatory decisions.
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