In a breaking development, the SEC has postponed its decision on Grayscale’s application for the Polkadot (DOT) Spot ETF.
Grayscale filed the Polkadot ETF application in February. The application, filed through Nasdaq, sought approval to list and trade shares of the Grayscale Polkadot Trust.
If approved in the next round, the ETF would function as a Commodity-Based Trust, holding the DOT and tracking its value through an index price.
The SEC has recently signaled that it will take a more open stance on crypto financial products. Under the Donald Trump administration, experts predict that spot ETF applications will be approved for many altcoins, including applications for XRP, LTC, DOGE, and HBAR.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/breaking-sec-delays-decision-on-spot-etf-application-for-surprise-altcoin/