SEC Kicks Polkadot ETF Can Down the Road—Again
Regulators hit snooze on the crypto industry’s latest ETF plea, delaying Polkadot’s fate until June 11. Here’s why Wall Street’s foot-dragging shouldn’t surprise anyone.
Another day, another delay
The SEC just bought itself seven more weeks to ’carefully consider’ what everyone knows is inevitable—another crypto ETF approval. Because nothing says ’consumer protection’ like bureaucratic theater.
DOT traders shrug it off
Market reaction? Barely a blip. After years of this dance with Bitcoin and Ethereum ETFs, crypto natives treat regulatory delays like bad weather—annoying but predictable.
The real question: When will traditional finance admit they’re just stalling until their own custody solutions are ready? Place your bets now—the house always wins.
SEC Postpones Decision on Polkadot ETF | Source: x.com/EricBalchunas
Grayscale has already rolled out several crypto funds, including spot Bitcoin (BTC) and Ether (ETH) ETFs. The company is trying to get more ETFs approved, like one tied to Polkadot. The approval process has gotten tougher, as the SEC reviews each fund thoroughly.
A new ETF focused on Polkadot would provide an investment option for people looking to gain exposure to the Polkadot blockchain, which launched in 2020.
According to CoinMarketCap, Polkadot’s token, DOT, has a market cap of about $6.7 billion, making it one of the biggest altcoins in the market.
In addition to Grayscale’s filings, other asset managers, including 21Shares, are also waiting to launch their own Polkadot ETFs.
This is following a report by Coinbase, which stated that over 80% of large investors desire to invest more in crypto during 2025.
However, there are some experts who believe that although most individuals desire Bitcoin and Ether ETFs, there may not be as much demand for altcoin ETFs such as those for Polkadot.
The SEC has been dragging its feet in approving these products because it is worried about market manipulation and investor protection. But that is likely to change.
The recently sworn-in SEC Chairman Paul Atkins is seen as more open to revisiting the regulatory environment for digital assets. Under his leadership, the SEC has withdrawn or delayed a number of cases against cryptocurrency firms.
Also Read: Bitwise Files to Launch First NEAR ETF in the U.S.
