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SEC Delays HBAR & Polkadot ETFs: Why?

08.09.2025 08:08

Here's a concise re-write of the news article, incorporating varied sentence structures and focusing on the core details:

**The U.S. Securities and Exchange Commission (SEC) has again pushed back decisions on two cryptocurrency exchange-traded funds (ETFs), sparking renewed discussion across the digital asset landscape.** The regulatory body has opted for extended review periods concerning both a spot HBAR ETF from Canary and a Polkadot (DOT) ETF managed by Grayscale, as documented in official filings. This delay underscores the SEC's cautious approach to incorporating altcoin-focused financial products into the mainstream investment market.

**Concerning the Canary HBAR ETF, the SEC has granted itself additional time to evaluate the proposal.** Nasdaq, which plans to list and trade the Hedera-linked ETF, originally filed for approval on February 21st. Subsequently, an amended application was submitted on March 4th, followed by the publication of the spot HBAR ETF itself on March 13th, which triggered a 180-day review window for the SEC. The commission, after earlier delays in April and June, is seeking further stakeholder input concerning the potential listing and trading of the shares under Nasdaq's commodity-based trust shares rule.

**This latest extension grants the SEC an additional 60 days, pushing the final approval or rejection deadline for the Canary HBAR ETF to November 8th.** Despite the regulatory uncertainty, the price of HBAR has shown a slight bullish movement, increasing by approximately 1% over the past 24 hours, currently trading around $0.2206. The daily price fluctuations witnessed a low of $0.2174 and a high of $0.2222.

**Mirroring the HBAR ETF, the SEC has also prolonged the review process for Grayscale's Polkadot ETF, with a similar deadline of November 8th.** The commission has delayed the Polkadot ETF's fate on two prior occasions, paralleling the treatment of the HBAR application. The SEC has stated that this extended period allows for a thorough evaluation of the proposal. Internet sources suggest the agency needs more time to analyze and assess the proposed changes.