The U.S. Securities and Exchange Commission (SEC) has pushed back its ruling on the Grayscale %Polkadot (CRYPTO: $DOT) spot ETF, prolonging the review well into 2025. According to several recent reports, the decision – originally expected by mid-2025 – now lacks a firm timeline and has been broadly postponed amid regulatory prudence.
Earlier in the year, filings indicated that Grayscale’s proposal might receive a verdict by June 11, 2025. These expectations followed the SEC’s use of its Section 19(b)(2) authority to extend review windows for complex crypto-related proposals. But as of early September, no final decision has been made, with regulators reportedly requesting additional scrutiny and commentary before concluding their evaluation.
This delay mirrors a broader trend of caution towards altcoin ETFs. The SEC has similarly postponed decisions on proposals involving other digital assets, including Hedera, Avalanche, and %Dogecoin (CRYPTO: $DOGE). The regulator’s extended review reflects concern over market integrity, liquidity, and investor protections – especially for less-established crypto assets.
For investors, the delayed decision means prolonged uncertainty. Polkadot’s growing ecosystem and staking participation suggest strong fundamentals, yet the lack of regulatory clarity could dampen institutional interest. Approval would mark a significant milestone for %Altcoin exposure via regulated investment products; any further delays, however, may defer that breakthrough indefinitely.
As the SEC continues to manage its growing backlog of crypto ETF filings, stakeholders – ranging from institutional investors to crypto advocates – are left waiting. The Polkadot ETF remains on hold, emblematic of the delicate balance regulators are striking between fostering innovation and safeguarding market stability.
