SEC postpones Polkadot ETF approval decision until June; 70 other crypto funds in the waiting list

The U.S. Securities and Exchange Commission (SEC) has postponed its decision to approve a Polkadot (DOT)-based exchange-traded index fund (ETF), joining the roughly 70 cryptocurrencies currently awaiting regulatory approval.
The Polkadot ETF is one of the cryptocurrency-related ETFs. In a document released on the 24th (local time), the SEC announced that Grayscale had filed a “Polkadot
The company said it has postponed the final approval decision for the "Nutraceutical Trust" ETF until June 11. This comes about four months after Nasdaq applied to list the ETF on February 24.
The Grayscale ETF filing joins dozens of others currently awaiting SEC action.
According to Bloomberg Intelligence, the ETFs are based on altcoins, meme coins and cryptocurrency-related derivatives, totaling about 70.
Bloomberg analyst Eric Balchunas said on the 21st that the X Platform will see the launch of "XRP, Litecoin, Solana to Penguin, DoZicoin, 2
"Various products are waiting in the wings, from the Melania ETF to the 2020 Melania ETF," he said, stating that asset management companies are competing to launch ETFs. Switzerland's 21Shares is also launching a Polkadot ETF.
The ETF is currently awaiting approval to be listed.