Crypto ETF Delays spark uncertainty for HBAR and Polkadot investors.
On April 24, 2025, the SEC postponed decisions on Grayscale’s Polkadot ETF and Canary Capital’s HBAR ETF. SEC delays HBAR, Polkadot ETF rulings to June 11 for review. The regulator also delayed Bitwise’s Bitcoin-Ethereum ETF to June 10, citing deeper analysis needs. With 72 crypto ETF applications pending, the SEC navigates a complex landscape. Bitcoin and Ethereum ETF approvals set a high bar for altcoin funds. Grayscale, Canary push for spot ETFs amid 72 pending applications. Grayscale aims to convert its Polkadot Trust into a spot ETF, tracking DOT’s $6.6 billion market. Canary seeks a spot HBAR ETF, tied to Hedera’s hashgraph technology.
Delays reflect cautious regulation in a booming crypto market. Investors face short-term uncertainty but see long-term potential. Bloomberg’s James Seyffart notes skepticism on altcoin ETF approvals. Litecoin holds 90% approval odds, while others lag. A pro-crypto administration may accelerate rulings.
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The HBAR ETF delay impacts Hedera’s visibility
Priced at $0.19 on April 24, HBAR could gain from ETF approval. An ETF would let investors track HBAR without direct ownership, drawing institutional funds. Hedera’s scalable blockchain supports DeFi and enterprise use cases. Approval could boost liquidity and adoption. For now, delays signal regulatory rigor.
Polkadot’s ETF delay stirs the market. Grayscale’s fund would track DOT, a Layer-0 protocol enabling blockchain interoperability. With a $6.6 billion market cap, Polkadot leads in Web3. An ETF could attract mainstream investors, enhancing price stability. The June 11 deadline extends uncertainty, but approval may drive adoption. Investors can check DOT prices on ICN.live. Our X community shares live market insights.
The SEC’s cautious approach stems from market volatility and investor protection. Crypto ETFs face unique risks unlike traditional funds. The regulator evaluates proposals for transparency and stability. With 72 applications, the SEC balances innovation and oversight. Recent Bitcoin ETF success shows progress, but altcoin ETFs need scrutiny. A new SEC chair in 2025 may shift timelines.
What’s next for crypto ETFs?
The June deadlines loom as investors eye opportunities. HBAR and Polkadot remain strong Web3 players despite delays. Approval could reshape markets, drawing institutional interest. The UAE’s Web3 hub, where ICN Web3 Media thrives, leads global innovation. Our coverage spans Bitcoin, DeFi, gaming, and AI. Track live prices on ICN.liveNEW to stay ahead. Join X discussions for community insights. Watch ICN.talks on YouTube for expert analysis. Follow us for the latest Web3 news.