Hold onto your hats and monocles, folks! The US Securities and Exchange Commission (SEC)—that lovable bunch who move slower than a turtle on Valium—has decided to hit the snooze button on the big question: Should we let this Polkadot ETF party get started? Regulatory filings say, Not yet! 💤
So, here’s the scoop from the April 24 filing: The SEC pushed the deadline for a final “Yes,” “No,” or “Maybe if you bring me coffee” to June 11. That’s nearly four months after Nasdaq knocked politely on their door on Feb. 24 asking if Grayscale could let Polkadot strut its stuff on the ETF dance floor.
But wait! It’s not just Polkadot hoping to cut in. Oh no, the SEC’s got a queue longer than a Black Friday line with about 70 ETFs itching for approval. We’re talking altcoins, memecoins, and more crypto-soundalikes than a garage band convention, reports Bloomberg Intelligence. 🎸🐕🦺
Bloomberg’s own crypto-critic Eric Balchunas gave us classic Mel Brooks-level comedy gold, saying asset managers want ETFs featuring “[e]verything from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and everything in between.” Yes, 2x Melania. It’s like crypto meet the morning talk show!
And, of course, 21Shares isn’t taking a coffee break—they’re waiting for the green light to launch their own Polkadot ETF too. Because who doesn’t want a slice of that $6.6 billion DOT pie, especially in a blockchain network fresh outta 2020? Polkadot’s basically the cool kid in crypto school. 😎
Altcoin ETF pipeline
Grayscale isn’t playing favorites—they want in on the whole altcoin buffet. Already rocking the stage with Bitcoin and Ether ETFs, they’re lining up slots for Solana, Litecoin, XRP, Dogecoin, and Cardano. It’s like a crypto greatest hits album waiting to drop, but the SEC’s still stuck in rehearsals. 🎤
Now, here’s a plot twist worthy of a Mel Brooks flick: Over 80% of institutional investors say they’re ready to pour more cash into crypto in 2025. That’s a March report by Coinbase and EY-Parthenon, for the stats lovers out there. But hold your applause—analysts warn altcoin ETFs might only be the indie band of the crypto world; niche, cool, but not exactly Beyoncé-level popularity.
Balchunas, our blockchain bard, puts it this way: “Getting your coin ETF-ized is like your band finally getting on all the streaming platforms. Doesn’t mean everyone’s gonna hit binge-play, but hey, at least your tunes are where the party’s at!” 🎶
Read More
- Unleash Your Heroes’ True Potential: Best Stadium Builds for Every Overwatch 2 Hero
- Lucky Offense Tier List & Reroll Guide
- 50 Goal Sound ID Codes for Blue Lock Rivals
- Elder Scrolls Oblivion: Best Spellsword Build
- Elder Scrolls Oblivion: Best Mage Build
- Best Crosshair Codes for Fragpunk
- SWORN Tier List – Best Weapons & Spells
- Unlock All Avinoleum Treasure Spots in Wuthering Waves!
- Why Yellowstone and Virgin River Fans Can’t Miss Netflix’s Ransom Canyon This Week!
- Indonesian Horror Smash ‘Pabrik Gula’ Haunts Local Box Office With $7 Million Haul Ahead of U.S. Release
2025-04-25 01:23