SEC postpones Polkadot and Hedera ETF review until June 11; new SEC chairman may speed up review

The U.S. Securities and Exchange Commission (SEC) has extended the deadline for a decision on the proposed listing and trading of cryptocurrency spot ETFs based on Polkadot (DOT) and Hedera (HBAR) tokens. According to a document released on the 24th, the decision deadline, which was originally set to end this weekend, has been extended to June 11th.

The SEC explained that "a longer review period is appropriate to allow sufficient time to consider the proposed rule changes and the issues raised therein" regarding Grayscale's proposed conversion of the Polkadot mutual fund and Canary's application to list the HBAR ETF. At the same time, Bitwise's BTC and...