SEC Postpones Decision on Grayscale's Polkadot ETF to June 11

SEC Postpones Decision on Grayscale's Polkadot ETF to June 11

The U.S. Securities and Exchange Commission (SEC) has deferred its decision on Grayscale Investments' proposal to convert its Polkadot Trust into a spot exchange-traded fund (ETF). Originally slated for a verdict by April 27, the SEC has now extended the review period to June 11, 2025, allowing additional time to assess the proposed rule change submitted by Nasdaq on February 24, 2025. This extension aligns with the SEC's standard 90-day revi...

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