CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

Moralis Money
cryptonews 2025-04-25 06:37:30

SEC Delays Decision on Spot ETFs for Polkadot, Hedera, and a Fund for Bitcoin and Ethereum

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on several proposed spot cryptocurrency exchange-traded funds (ETFs), according to filings released on Thursday. The applications include ETFs tracking the spot prices of Polkadot (DOT) and Hedera (HBAR), as well as a dual crypto fund focused on Bitcoin (BTC) and Ethereum (ETH). The SEC now has until June 11 to decide on Nasdaq’s filings for the Canary HBAR ETF and the conversion of Grayscale’s Polkadot Trust into an ETF. A separate application by the New York Stock Exchange for Bitwise’s Bitcoin and Ethereum ETF faces a decision deadline of June 10. Canary, Grayscale, and Bitwise Lead Wave of New Crypto ETF Applications Canary Capital, Grayscale Investments, and Bitwise Asset Management are among a growing list of issuers pushing for crypto-focused ETFs. Following the success of spot Bitcoin and Ethereum ETFs launched last year, enthusiasm has surged, with 72 crypto-related ETF proposals currently awaiting SEC approval. Canary Capital has been particularly active, recently filing for a Tron (TRX) ETF with staking features, alongside proposals for Solana (SOL), PENGU, and Sui (SUI) ETFs. Grayscale has also expanded its ambitions with proposed funds for Cardano, XRP, Dogecoin, Litecoin, and Avalanche. Bitwise, meanwhile, has applied for ETFs tied to Dogecoin (DOGE) and Aptos (APT). Both crypto-native firms and traditional financial institutions are racing to launch products tied to crypto assets, derivatives, and blockchain-related equities. Bloomberg ETF analyst Eric Balchunas commented on the influx of filings, calling 2025 a “wild year” for crypto ETFs. There are now 72 crypto-related ETFs sitting with the SEC awaiting approval to list or list options. Everything from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and everything in between. Gonna be a wild year. Great roundup from @JSeyff pic.twitter.com/IHTqqxeH35 — Eric Balchunas (@EricBalchunas) April 21, 2025 Currently, the Grayscale Bitcoin Trust (GBTC) holds nearly $18 billion in assets under management (AUM), making it the second-largest among the 11 spot Bitcoin ETFs approved last year. Bitwise’s Bitcoin ETF manages about $3.6 billion in AUM. Collectively, U.S. spot Bitcoin ETFs now oversee approximately $100 billion, ranking among the fastest-growing ETFs in history. Following the news, Hedera rose 5%, while Polkadot gained nearly 7% over the past 24 hours. Trump-Era Shift Signals SEC Reassessment of Crypto Regulation The SEC’s recent shift in tone under President Donald Trump reflects a broader effort to reevaluate the agency’s approach to digital assets. As reported, Paul Atkins was sworn in as Chairman of the SEC on Monday, marking a leadership shift that is being welcomed by the digital asset industry. Under Atkins’ leadership, the SEC has already withdrawn or delayed several prominent cases against crypto firms. The agency dropped its lawsuits against Coinbase and Cumberland DRW earlier this year, and a separate investigation into Uniswap Labs closed in February without enforcement action. In the most recent case, the SEC closed its investigation into CyberKongz , a prominent Ethereum-based NFT and gaming project, with no enforcement action taken, the team announced on Tuesday. The post SEC Delays Decision on Spot ETFs for Polkadot, Hedera, and a Fund for Bitcoin and Ethereum appeared first on Cryptonews .

https://www.digistore24.com/redir/325658/ceobig/
Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta