SEC delays decision on Polkadot ETF
The US Securities and Exchange Commission (SEC) has postponed its decision on a proposed exchange-traded fund (ETF) for Polkadot's native token, DOT, extending the deadline to June 11. This follows Nasdaq's request to list Grayscale Polkadot Trust on February 24. Grayscale's ETF filing is part of approximately 70 proposed ETFs awaiting SEC approval, which include various altcoins and crypto-related financial products. Asset managers are seeking to launch ETFs for multiple cryptocurrencies, including XRP, Litecoin, and Dogecoin. Polkadot, launched in 2020, has a market capitalization of around $6.6 billion. Analysts indicate that while institutional interest in crypto is rising, demand for altcoin ETFs may be limited compared to those for Bitcoin and Ether.
