The US Securities and Exchange Commission (SEC) has postponed its decision on the approval of an exchange-traded fund (ETF) holding the Polkadot native token, according to regulatory filings.
According to an April 24 filing, the agency has extended the deadline for a final decision to June 11, following Nasdaq's request to list the Grayscale Polkadot Trust on Feb. 24.
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Grayscale's proposed ETF is among about 70 ETFs pending SEC approval, including those comprising altcoins, memecoins and cryptocurrency-related financial derivatives, according to Bloomberg Intelligence.
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Bloomberg analyst Eric Balchunas noted in an April 21 post on the X platform that asset managers are proposing ETFs for "[e]verything from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and everything in between."