As anticipation builds around several crypto ETF applications awaiting regulatory clarity, two more digital asset funds, focused on Polkadot [DOT] and Hedera [HBAR], have now entered the spotlight.

As anticipation builds around several crypto ETF applications awaiting regulatory clarity, two more digital asset funds, focused on Polkadot [DOT] and Hedera [HBAR], have now entered the spotlight.

The U.S. Securities and Exchange Commission (SEC) has requested more public input on several crypto ETF applications, postponing its decision past the second deadline.

The agency is keeping a close eye on these new investment products as it navigates the evolving digital asset landscape.

The SEC is now seeking additional feedback on applications from Canary Capital for a Hedera (HBAR) ETF and Grayscale for a Polkadot (DOT) ETF.

Both applications have already faced delays, with the second deadline for a ruling passing on August 15.

Instead of issuing a decision, the SEC will be accepting fresh comments from the public on the proposals.

This pushes the third deadline to September 9, with a final ruling expected by November 8.

In a similar vein, the SEC has also postponed its response to Canary's Spot SUI ETF, further compounding the uncertainty surrounding these digital asset funds.

As anticipation builds around several crypto ETF applications awaiting regulatory clarity, two more digital asset funds, focused on Polkadot [DOT] and Hedera [HBAR], have now entered the spotlight.

Both applications faced a second deadline on Tuesday, August 15, with the SEC delaying its decision and instead opening the proposals to additional public commentary.

This move postpones the third deadline to September 9, and a final ruling is expected by November 8.

Moreover, the SEC has decided to postpone its response to Canary Capital's Spot SUI ETF, further deepening the uncertainty surrounding the future of these digital asset funds.

suggest that the U.S. SEC is unlikely to approve the pending crypto ETF applications in the near term.

According to , green lights for the proposed Polkadot and Hedera ETFs might not arrive until the fourth quarter, closer to their respective final deadlines later this year.

"Really good chance this exists at some point. First we’ll get slew of active crypto ETFs (eta Winter 2025). Active memecoin-only likely 2026 tho."

For context, Grayscale remains the sole applicant for a Polkadot ETF, while both Grayscale and Canary Capital are pursuing HBAR ETFs, though Canary submitted its application first.

With the second deadline for Grayscale’s HBAR ETF approaching on June 15, another delay from the SEC appears likely.

Meanwhile, Canary Capital, along with VanEck and 21Shares, has urged the Commission to return to the ‘first-to-file’ approval model.

In a joint letter, the firms argued that such a framework would promote fairness and competitiveness in the ETF market.

"The SEC should return to the 'first-to-file' system of approval for common diversified ETFs, in accordance with the Administrative Procedure Act."

While the SEC has yet to address the industry's plea to reinstate the ‘first-to-file’ rule, a favorable response could give Canary Capital an edge over Grayscale in launching the first Hedera ETF.

However, despite the regulatory delays and ongoing discussions, the market reaction remained muted.

DOT was trading at $4.30, showing a 4.52% increase over the past 24 hours, while HBAR saw a modest 1.65% gain, reaching $1.798.

This stability in price suggests that investor sentiment around these tokens remains relatively stable, even as ETF decisions hang in the balance.