The US Securities and Stock Exchange Committee (SEC) delayed a decision on whether an ETF is approved by the original code for Polkadot, as organizational deposits appear.
According to To a file on April 24, the organizer extended the final date of the final ruling until June 11, nearly four months after Nasdak sought to obtain permission to a gray Polkadot Trust on February 24.
The GrayScale’s ETF file adds to a list of 70 of the proposed traded investment funds pending the approval of SEC, including money that is being held Altcoins, Memecoins and financial derivatives related to encryption, according to Bloomberg.
Asset managers organize the investment funds circulated in favor of[e]Everything from XRP, Litecoin and Solana to Penguin Birds, DOGE and 2x Melania and everything between them. He said In the April 21 publication on the X. ASSET Manager 21shares also awaits an permission to include Polkadot ETF.
Polkadot is the Blockchain Layer-1 network launched in 2020. Its original symbol, DOT (DOT), is about $ 6.6 billion as of April 24, According to To Coinmarketcap.
Related to: Institutions are separated with ethereum, but keep ETH on the hook
Altcoin Etf pipeline
Grayscale is among the multi -asset managers who seek an organizational permit to include Altcoin Etfs in the United States. The company is already behind many encryption boxes, including PTC and ETHER (ETH).
The Asset Manager also requested permission to launch the investment funds circulating in the traded investment funds such as Solana (SOL), Litecoin (LTC), XRP (XRP), Dogoin (Doge) and Cardano (Ada).
The proposed box lists pipeline comes as more than 80 % of institutional investors say they are planning to increase allocations for encryption in 2025, according to a March report issued by Coinbase and Ey-Parthenon.
However, analysts warn that the demand for investment funds on Altcoin is likely to be much more limited than money that maintains basic encrypted currencies such as Bitcoin and Ether.
“Getting your currency is similar to ETF-MOST to be in a band and add your songs to all music broadcast services.”
“It does not guarantee listening but puts your music where the vast majority of listeners.”
magazine: Altcoin Season Q2? A talisman plan to win confidence: Hodler Digest, from April 13 to 19
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