The U.S. Securities and Exchange Commission (SEC) has postponed its long-awaited decision regarding cryptocurrency-focused ETF applications.
The Commission has extended the review process for ETF proposals based on Polkadot (DOT) and Hedera (HBAR), pushing the decision deadline to June 11. Similarly, the review periods for certain Bitcoin (BTC) and Ethereum (ETH) applications have been extended until June 10. The SEC cited the need for "additional time to consider the proposed rule changes and the issues raised" as the reason for the delay.
Demand for spot crypto ETFs has risen significantly in recent months, with investment firms increasing their number of applications. Following the approval of spot Bitcoin and Ethereum ETFs, the pace of new submissions has accelerated noticeably.
Furthermore, the withdrawal of certain lawsuits and the revival of institutional interest in major crypto projects have contributed to a more positive sentiment in the crypto space. This development has raised expectations that the ETF processes for major networks like Polkadot and Hedera could have a growing impact on the broader market.
