The US Securities and Exchange Commission has delayed its decision on Grayscale’s application to list shares of a Polkadot spot exchange-traded fund.
In a filing dated April 24, 2025, the SEC announced it would extend the period to approve or reject the Polkadot spot ETF.
This postponement occurs amidst a surge in crypto ETF proposals, which have increased significantly following the departure of former SEC chair Gary Gensler.
The SEC has set a new deadline of June 11, 2025, for the Grayscale Polkadot ETF. This date falls within the 90-day regulatory timeline for approving or rejecting a proposed rule change. Grayscale aims to convert its existing Polkadot Trust into an exchange-traded fund.
