Why Canary HBAR ETF Approval Was Postponed 

SEC extended the review period for Nasdaq’s Canary spot HBAR ETF application. Bloomberg analysts estimate a 90% chance of approval. Nasdaq filed the ETF on February 21, tracking spot HBAR prices, and submitted changes on March 4. The ETF went public on March 13, starting SEC’s 180-day decision period. However, the commission postponed the HBAR ETF twice in April and June. SEC requested further comments regarding Nasdaq’s commodity-trust share rules. The proposed rule change extended the decision period by 60 more days, setting the final date to November 8. 

HBAR price increased 1% in the last 24 hours, trading at $0.2206. The daily low and high were $0.2174 and $0.2222, respectively. Investor interest remains high despite the pending ETF approval. 

Grayscale Polkadot ETF Decision and Market Response 

SEC also extended the Grayscale Polkadot ETF review period until November 8. Like HBAR, the DOT ETF was delayed twice in April and June. The commission requires additional time to approve or reject the ETF under the proposed rule change. Meanwhile, SEC quietly collaborates with exchanges on general listing standards for spot crypto ETFs. Nasdaq, NYSE, and CBOE BZX updated the “commodity” definition in listing rules. 

DOT price rose about 4% to $4.03 at the time of writing. The daily low and high were $3.85 and $4.08. Trading volume surged 225% over the last 24 hours. Investors actively traded while awaiting the ETF decision. 

The SEC’s delay aims to establish a transparent and robust regulatory framework for altcoin ETFs. This ensures spot crypto ETF approvals proceed systematically. 

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