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SEC Delays Canary HBAR and Grayscale Polkadot ETF Approval Again
In a recent announcement, the Securities and Exchange Commission (SEC) has delayed the approval of Canary’s Hedera HBAR and Grayscale’s Polkadot ETFs. This decision comes amid growing regulatory concerns.
Canary had initially filed its Hedera HBAR ETF with Nasdaq in February, followed by an amendment in March. The request for public comment was repeatedly delayed due to regulatory issues, leading to the latest announcement.
Grayscale’s Polkadot (DOT) ETF follows a similar timeline as Canary’s HBAR ETF. Both filings have faced repeated delays since March and the SEC continues to evaluate whether the DOT token meets the required generic listing standards for spot crypto ETFs. The regulator is working on creating consistent framework for such listings, which will be completed by November 8, 2025.
As a result of these developments, all major exchanges like Nasdaq and others are focused on making adjustments to adjust definitions regarding commodities.
Source: coincentral.com
