{"id":51253,"date":"2025-04-24T19:34:48","date_gmt":"2025-04-24T19:34:48","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/sec-postpones-decisions-on-polkadot-and-hedera-etfs-over-70-filings-await-clarity\/"},"modified":"2025-04-24T19:34:48","modified_gmt":"2025-04-24T19:34:48","slug":"sec-postpones-decisions-on-polkadot-and-hedera-etfs-over-70-filings-await-clarity","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/sec-postpones-decisions-on-polkadot-and-hedera-etfs-over-70-filings-await-clarity\/","title":{"rendered":"SEC postpones decisions on Polkadot and Hedera ETFs, over 70 filings await clarity"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/image-12-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/image-12-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/image-12-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/image-12-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>&#13;<\/p>\n<li>The agency would extend the deadline to June 11 to rule on Grayscale\u2019s bid to convert its Polkadot Trust and Canary\u2019s proposal to list a Hedera (HBAR) ETF.<\/li>\n<p>&#13;<\/p>\n<li>A separate delay was also announced for the Bitwise Bitcoin and Ethereum ETF, now pushed to June 10.<\/li>\n<p>&#13;<\/p>\n<li>The delays come as the SEC, under new Chair Paul Atkins, faces a backlog of more than 70 crypto ETF filings.&#13;<br \/>\n&#13;\n<\/li>\n<p>&#13;\n<\/ul>\n<p>The US Securities and Exchange Commission has pushed back its decisions on crypto ETF proposals tied to Polkadot and Hedera, amid a broader wave of applications awaiting regulatory clarity.<\/p>\n<p>The agency said Thursday it would extend the deadline to June 11 to rule on Grayscale\u2019s bid to convert its Polkadot Trust and Canary\u2019s proposal to list a Hedera (HBAR) ETF.<\/p>\n<p>It was previously expected to be decided by the end of this week. A separate delay was also announced for the Bitwise Bitcoin and Ethereum ETF, now pushed to June 10.<\/p>\n<p>In its filing, the SEC cited the need for \u201csufficient time to consider the proposed rule change and the issues raised therein.\u201d<\/p>\n<h2 class=\"wp-block-heading\">Over 70 ETFs await approval<\/h2>\n<p>The delays come as the SEC, under new Chair Paul Atkins, faces a backlog of more than 70 crypto ETF filings.<\/p>\n<p>Applications range from major altcoins like XRP, Solana, and Litecoin to meme coin-themed and leveraged products.<\/p>\n<p>Analyst Eric Balchunas called the ETF queue \u201cwild,\u201d noting the inclusion of everything from \u201cPenguins, Doge, and 2x Melania.\u201d<\/p>\n<p>Atkins, a former commissioner with strong ties to Wall Street, was confirmed on April 21 after a contentious Senate vote.<\/p>\n<p>Acting Chair Mark Uyeda had held off on major rulings, with insiders saying a lack of permanent leadership froze progress.<\/p>\n<p>Under Gary Gensler, the SEC approved spot Bitcoin ETFs in January 2024 and spot Ethereum ETFs in July, following a court decision favoring Grayscale.<\/p>\n<p>Since President Donald Trump began his second term in January, the SEC has signaled a more crypto-friendly stance, hosting industry roundtables and dropping several lawsuits against crypto firms.<\/p>\n<p>Another roundtable, focused on crypto custody, is set for Friday.<\/p>\n<h2 class=\"wp-block-heading\">BTC ETFs show strong demand<\/h2>\n<p>Spot Bitcoin ETFs in the US have staged a remarkable comeback, pulling in $936.43 million in net inflows on Tuesday, April 22\u2014marking their strongest single-day performance since mid-January, according to SoSoValue data.<\/p>\n<p>That momentum held into the next day, with another $916.91 million in inflows logged on April 23.<\/p>\n<p>BlackRock\u2019s iShares Bitcoin Trust (IBIT) was the clear frontrunner, drawing $643.16 million, followed by Ark &amp; 21Shares\u2019 ARKB, which brought in $129.5 million.<\/p>\n<p>The surge extends a four-day streak of inflows topping $100 million\u2014a pattern last seen in late January, during a previous wave of institutional enthusiasm.<\/p>\n<p>The sharp uptick follows a lull in ETF activity that had raised doubts about the durability of institutional interest.<\/p>\n<p>However, the recent rebound has proven consequential, coinciding with Bitcoin\u2019s surge past the $90,000 level.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/sec-postpones-decisions-on-polkadot-and-hedera-etfs-over-70-filings-await-clarity\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) &#13; The agency would extend the deadline to June 11 to rule on Grayscale\u2019s bid to convert its Polkadot Trust and Canary\u2019s proposal to list a Hedera (HBAR) ETF. &#13; A separate delay was also announced for the Bitwise Bitcoin and [&hellip;]<\/p>\n","protected":false},"author":3947362387,"featured_media":51254,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51253"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362387"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=51253"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51253\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/51254"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=51253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=51253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=51253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}