SEC Extends Review for HBAR and Polkadot ETFs
- SEC extends review for HBAR and Polkadot ETFs.
- No statements from key stakeholders so far.
- Investors remain optimistic despite regulatory delays.
The US SEC has delayed its decisions on the Canary HBAR and Grayscale Polkadot ETFs, extending their review deadlines to November 8, 2025, amid ongoing scrutiny.
Recurring delays reflect scrutiny over altcoin ETFs; market responses indicate continued investor optimism, as seen by HBAR’s price rise and DOT’s increased trading volume.
The US SEC has postponed decisions regarding Canary HBAR and Grayscale Polkadot ETFs until November 8, 2025. This delay marks at least the third extension, reflecting ongoing comprehensive scrutiny and public comment solicitation by the regulatory body.
Involved parties include Canary Capital and Grayscale Investments, both applicants for respective ETFs. The SEC reviews if Nasdaq’s commodity-based trust shares rules are apt for altcoin ETFs, resulting in the decision extension. No official statements have emerged from key industry leaders.
The delay’s impact extends to market behavior, with HBAR rising by approximately 1% within 24 hours. In contrast, Polkadot’s trading volume soared 225%, indicating investor optimism despite procedural setbacks. On-chain data suggests stable liquidity and staking flows.
Financial repercussions of the SEC’s actions highlight continued scrutiny on altcoin ETF approvals. The focus remains on the standardization and listing rules updates, which are critical hurdles for spot cryptocurrency ETFs moving forward.
Industry stakeholders await further guidance. The SEC’s pattern of postponements for altcoin ETFs remains evident as historical precedents show similar delays for non-Bitcoin or Ethereum-related ETFs.
No official statements from Grayscale, Canary, SEC Chair, or top crypto KOLs are available as of September 9, 2025, regarding this delay. All available updates derive from primary filings and exchange communications.
Potential outcomes could include revised rules facilitating ETF approvals or extended delays. As for technological and regulatory updates, historical trends suggest a maturation of market structures before major shifts or approvals occur.
