The United States Securities and Exchange Commission (SEC) has postponed making a decision on whether it will approve a proposed ETF that would hold Polkadot's native cryptocurrency.

The SEC has extended its decision date to June 11, according to an April 24 filing. Currently, the agency is reviewing around 70 other ETF proposals.

The U.S. Securities and Exchange Commission (SEC) has postponed making a decision on whether it will approve a proposed exchange-traded fund (ETF) that would hold Polkadot’s native cryptocurrency.

The SEC has extended its decision date to June 11, according to an April 24 filing. Currently, the agency is reviewing around 70 other ETF proposals. This is just a month after Nasdaq applied to list Grayscale’s Polkadot Trust on February 24.

“Amuse-ment Scan: Asset managers are pitching ETFs for everything from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and everything in-between. I'm not joking (well maybe on the last one). But seriously, they are pitching ETFs for a wide variety of assets and strategies, in addition to the more traditional asset classes.,” said Eric Balchunas, an analyst at Bloomberg, in a recent tweet on April 21.

Grayscale is already operating several crypto funds, including spot Bitcoin (BTC) and Ether (ETH) ETFs. The company is planning to launch more ETFs, like one tied to Polkadot.

However, the approval process has gotten tougher, as the SEC now reviews each fund comprehensively. A new ETF focused on Polkadot would provide an investment option for people interested in the blockchain, which began in 2020.

According to CoinMarketCap, Polkadot’s token, DOT, has a market cap of about $6.7 billion, making it one of the biggest altcoins in the market.

In addition to Grayscale’s filings, other asset managers, such as 21Shares, are also planning to launch their own Polkadot ETFs.

This follows a report by Coinbase, which stated that over 80% of large investors wish to invest more in crypto during 2025.

However, there are some experts who believe that although most individuals desire Bitcoin and Ether ETFs, there may not be as much demand for altcoin ETFs.

The SEC has been slow to approve these products due to concerns about market manipulation and investor protection, but that is likely to change.

Recently sworn-in SEC Chairman Paul Atkins is seen as more open to reconsidering the regulatory landscape for digital assets. Under his leadership, the SEC has dropped or postponed a number of cases against cryptocurrency firms.