- Postponement of the SEC’s decision impacts the Polkadot market.
- DOT sees an 8.55% surge amid market optimism.
- Analysts anticipate a 90% chance of ETF approval.
The delay in the SEC’s decision on the 21Shares Spot Polkadot ETF could affect institutional access to DOT. Immediate market optimism is reflected in an 8.55% price increase.
The SEC extended the review of 21Shares’ Spot Polkadot ETF proposal with a new decision set for November 8, 2025. This action aims to allow further evaluation of the ETF application. 21Shares, a key player in the crypto market, manages over $27 million in assets under existing Polkadot products.
“While we await the SEC’s decision on our Polkadot ETF, we remain committed to advancing cryptocurrency investment solutions.” – Hany Rashwan, CEO of 21Shares
The SEC, as the primary regulatory authority, has not released individual comments on the decision. Hany Rashwan and Ophelia Snyder of 21Shares have similarly not issued statements regarding this delay, maintaining focus on regulatory filings.
The delay’s impact extends mainly to the Polkadot market, with DOT recording an 8.55% increase shortly after the news. While the price behavior indicates sustained confidence, larger market dynamics remain unaffected at the moment.
Analysts suggest a high probability of eventual approval, which could open greater institutional and retail access to Polkadot. Historical trends show previous SEC delays often result in eventual product approval, maintaining market participant optimism.
Industry watchers will closely monitor regulatory developments, as similar ETF applications for SOL, XRP, and other assets undergo the SEC review process. Broader market implications depend on SEC policy shifts towards crypto investments.
Disclaimer: The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions. |