SEC Postpones Decisions on Polkadot and Hedera ETFs: Is a New Wave of Crypto ETFs Coming?

The U.S. Securities and Exchange Commission (SEC) has officially postponed its decisions on several key cryptocurrency-focused ETF applications, including Grayscale’s Polkadot ($DOT) Trust, Canary Capital’s Hedera ($HBAR) ETF, and Bitwise’s dual Bitcoin–Ethereum fund.

Following standard procedures, the SEC extended its review periods. According to official filings, the decision date for Nasdaq’s request to list Grayscale’s Polkadot Trust as a spot ETF has been moved to June 11, 2025. The NYSE’s application for Bitwise’s Bitcoin-Ethereum ETF faces a deadline of June 10, 2025.

The SEC stated it is “appropriate to designate a longer period … to consider the proposed rule change and the issues raised therein,” a standard move rather than a signal of rejection.

This delay comes amid shifting regulatory winds. Under the leadership of new SEC Chairman Paul Atkins and President Donald Trump’s administration, the agency has been adopting a more favorable approach toward crypto. Several high-profile lawsuits, including those against Coinbase, Cumberland DRW, and Uniswap Labs, have recently been dropped.

Meanwhile, Polkadot's ($DOT) market resilience continues. Over the past week, DOT has surged approximately 16%, driven by staking dynamics, limited token supply, and increased institutional backing. Harbour’s $100 million Polkadot ecosystem fund and new DeFi initiatives like GIGADOT further strengthen network development.

With 72 crypto ETFs currently pending approval, 2025 is shaping up to be a pivotal year for the intersection of traditional finance and blockchain technology. Major issuers like Canary Capital, Grayscale, and Bitwise are pushing aggressively to bring these products to market.

CryptoLaddin will continue to monitor the evolution of crypto ETFs as they pave the way for broader adoption of digital assets within mainstream finance.