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- SEC extended HBAR and DOT ETF decisions to November 8.
- Analysts remain optimistic with 100%+ upside potential.
- New generic ETF listing standards expected by October.
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The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on two highly anticipated altcoin exchange-traded funds (ETFs): Canary’s Hedera (HBAR) ETF and Grayscale’s Polkadot (DOT) ETF. The regulator extended the review period by 60 days, setting November 8, 2025, as the new deadline.
Regulatory Delays and Investor Frustration
The Canary spot HBAR ETF, originally proposed by Nasdaq in February, has now faced three extensions following review periods in April and June. Similarly, the Grayscale Polkadot ETF has also been pushed back multiple times, with the SEC citing the need for further evaluation. The delays are believed to be tied to the regulator’s work on updating generic listing standards for crypto ETFs in collaboration with Nasdaq, NYSE, and CBOE BZX.
ETF Institute co-founder Nate Geraci suggested that these new listing rules could be finalized by early October, potentially paving the way for smoother approvals across multiple digital asset products.
Market Outlook Remains Optimistic
Despite regulatory hesitation, optimism remains strong among analysts. Bloomberg’s senior ETF analyst James Seyffart reaffirmed that HBAR and DOT ETFs are “pretty much ready to go” once the SEC completes its framework. Both tokens benefit from regulated futures markets, a key factor that previously helped Bitcoin and Ethereum ETFs gain approval.
Will Crypto ETF Flows Trigger the Next Altseason? w/ @Bloomberg Senior Analyst @JSeyff $BTC had its ETF moment.
— Milk Road (@MilkRoadDaily) September 4, 2025
Now $ETH getting one.
But what happens when $SOL, $XRP, and $DOGE get theirs?
James explains the ETF roadmap and who’s already first in line.
Tune in to know more… pic.twitter.com/dflaAYWofb
Polkadot (DOT) responded positively to the news, recording a 4% daily gain on Monday and seeing a 233% spike in trading volume. Meanwhile, analysts predict that HBAR could more than double in price if an ETF approval is granted, with targets of $0.50 to $1.
Also Read: Worldcoin (WLD) Jumps 25% on Quantum-Secure Upgrade
SEC Balances Innovation and Oversight
The SEC’s cautious stance underscores its effort to balance innovation with regulatory safeguards as crypto adoption accelerates. By extending deadlines, the regulator appears to be buying time until a standardized framework is in place, reducing risks of fragmented approvals.
While the November deadline may frustrate investors eager for altcoin ETF access, industry experts remain confident that approvals are imminent. If finalized under the new listing standards, the HBAR and Polkadot ETFs could mark a major milestone for altcoin adoption in U.S. markets.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
