The U.S. Securities and Exchange Commission (SEC) has announced the postponement of its decision on Grayscale's ETF application for Polkadot until June 11, 2025.
SEC Delays Grayscale ETF Decision
The SEC extended the deadline for deciding on Grayscale's Polkadot ETF application from April 27 to June 11, 2025, citing the need for further deliberation on the proposal.
Market Reaction to Delay
The delay has led to significant changes in DOT's price, which saw a 15.1% increase over the week, reflecting high market interest and institutional demand for investments in Polkadot.
Comparison with Previous SEC ETF Decisions
This postponement mirrors the SEC's history with Bitcoin and Ethereum ETF reviews, which also involved similar procedural delays followed by eventual approvals. Given previous ETF outcomes, there is potential for increased investment in DOT.
The SEC's decision delay has sparked considerable interest in Polkadot, which may become a significant factor for future investments in this cryptocurrency.
