SEC Delays Decisions on HBAR and DOT ETFs Until November 8
The U.S. Securities and Exchange Commission (SEC) has delayed decisions on two altcoin exchange-traded funds (ETFs): Canary HBAR and Grayscale Polkadot (DOT). The new deadline for approval is November 8, following a 60-day extension.
- The SEC previously delayed the Canary HBAR ETF approval twice, initially proposed by Nasdaq in February.
- The Grayscale Polkadot ETF also faced delays and will now be decided alongside the HBAR ETF.
- Market analysts estimate a 90% chance of approval for these ETFs soon.
- DOT has experienced a 4% daily gain and a 233% increase in trading volume recently.
The SEC's delay is attributed to its work on new generic ETF listing standards with major exchanges like Nasdaq and NYSE, expected to finalize by early October.