The SEC has postponed decisions on ETF proposals for Polkadot, Hedera, Avalanche, and Dogecoin, citing the need for further evaluation and public feedback.
Regulators Delay Verdict on Multiple Altcoin ETFs
The U.S. Securities and Exchange Commission (SEC) has once again extended its decision timelines for a series of proposed cryptocurrency exchange-traded funds (ETFs), including those tied to Polkadot and Hedera. The latest delays highlight the regulator’s cautious stance on approving crypto-based investment products amid growing market demand.
In its latest regulatory filing, the SEC confirmed the extension of the review period for Canary Capital’s proposed Hedera ETF. This decision came just ahead of the fund’s second deadline, with the Commission opting to request additional comments instead of issuing an approval or rejection.
The move follows a similar pattern seen with Grayscale’s application for a Polkadot ETF, which also faced a postponement on its second decision date.
New Deadlines Set for September and November
The next deadlines for both the Hedera and Polkadot ETFs have been scheduled for September 9 and November 8, 2025. Until then, the SEC is expected to gather public feedback and continue its assessment of market risks and potential investor protection measures associated with these altcoin-linked investment products.
Other ETF Decisions Also Deferred
Alongside Hedera and Polkadot, the SEC has also extended its review of the VanEck Avalanche Trust ETF proposal and the Bitwise Dogecoin ETF, backed by Coinbase Custody.
Initially filed in March 2025, the Bitwise Dogecoin ETF proposal offers investors exposure to Dogecoin without direct ownership of the asset. Its public comment period has been extended, further adding to the growing list of pending crypto ETF applications.
Initially filed with the Commission on April 9, 2025, by the Nasdaq Stock Market, the Avalanche Trust ETF application sought to list the fund under Nasdaq Rule 5711(d), which governs commodity-based trust shares. The proposal was opened for public comment on April 29.
The SEC’s first 45-day decision deadline for the Avalanche ETF fell on June 13, 2025. However, the agency opted to push the deadline to July 28, 2025, allowing more time for further evaluation. As with the other filings, the SEC neither approved nor denied the application, instead inviting additional public input on the matter.
Broader Trend of Cautious Regulatory Review
These delays reflect a broader trend within the SEC under its current leadership, as it takes a cautious and methodical approach toward crypto-related ETFs.
While the delays do not indicate outright rejections, they underscore the Commission’s careful handling of digital asset investment products as it continues to weigh market innovation against investor protection. The SEC maintains that it will either approve, deny, or commence disapproval proceedings on these applications by their respective upcoming deadlines.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: https://cryptodaily.co.uk/2025/06/sec-postpones-verdict-on-polkadot-hedera-etfs-amid-broader-crypto-etf-delays