SEC Extends Review on Polkadot Crypto Trust Trading
Published Date: 5/14/2025
Notice
Summary
The SEC is taking extra time to decide if Nasdaq can list and trade shares of the 21Shares Polkadot Trust, a new crypto-based investment. This means investors and traders waiting for this product will have to be patient until June 24, 2025, when the SEC will make its final call. No money changes yet, just a longer review to make sure everything’s in order.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
SEC Delays Decision on Polkadot Trust
The SEC extended its review of Nasdaq’s request to list the 21Shares Polkadot Trust and set June 24, 2025 as the deadline to approve or disapprove the proposal. The proposal was published for comment on March 26, 2025, the original 45-day review would have ended May 10, 2025, and no funds have been listed or traded yet while the Commission reviews it.
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