U.S. SEC Postpones Decision on HBAR and Polkadot ETFs, Why?

Updated

September 9, 2025

Gambar U.S. SEC Postpones Decision on HBAR and Polkadot ETFs, Why?

Jakarta, Pintu News – The United States Securities and Exchange Commission (SEC) has again delayed a decision on two altcoin ETF filings, namely Canary’s Hedera ETF and Grayscale’s Polka Dot ETF. This decision has led to various speculations and discussions in the global crypto community.

SEC Procrastination: An In-Depth Review

The SEC has set an additional 60 days to review both applications, with a final deadline of November 8. This is the third delay since March, following previous delays in April and June. This delay is not just about the tokens themselves, but rather the Common Listing Standard for spot crypto ETFs.

The SEC wants a clear and uniform framework before giving the green light to ETFs beyond Bitcoin and Ethereum . Both tokens, HBAR and DOT, have shown a positive reaction to this news. HBAR is up 1%, trading around $0.22, while Polkadot is up almost 4% to $4.03.

Polkadot’s trading volume increased by over 225% in the last 24 hours. This suggests that investors remain optimistic that approval will be granted, with Bloomberg analysts still estimating a 90% chance of approval.

HBAR and DOT Performance Analysis

HBAR, the currency of the Hedera network, has seen its price increase by 1% in the last 24 hours, with its current price trading at $0.2206. The lowest and highest prices in 24 hours were $0.2174 and $0.2222.

Meanwhile, Polkadot recorded a price increase of almost 4%, with the current price being $4.03. The intraday low and high prices are $3.85 and $4.08. Trading volume for Polkadot has increased significantly, registering an increase of 225% in the last 24 hours.

This rise indicates high interest from investors and speculators in the market, which may have been triggered by anticipation of the upcoming SEC ruling.

SEC Delay Implications and Market Expectations

The delay by the SEC suggests that the agency is working to create a uniform listing standard for spot crypto ETFs. The SEC is also reportedly working quietly with exchanges on a Generic Listing Standard for spot crypto ETFs.

Nasdaq, NYSE, and CBOE BZX have made amendments to remove “excluded commodities” from the definition of “commodity” in the listing standards. If HBAR and Polkadot finally get the green light, this won’t just impact those two tokens; it could signal the beginning of a new wave of altcoin ETFs.

The crypto market is already factoring in a favorable outcome, with November 8 being an important date marked on many investors’ calendars.

Overall, with continuous delays, the US SEC is showing caution in the ETF approval process for altcoins. While this may disappoint some investors who want to see results immediately, the move is expected to bring further clarity and stability to the often unpredictable crypto market.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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