- SEC postpones 21Shares spot Polkadot ETF decision to June 24.
- Market reaction: DOT price dips modestly.
- Broader crypto ETF review delays continue.
On May 15, 2025, the U.S. Securities and Exchange Commission officially extended its review period for 21Shares’ spot Polkadot ETF, moving the decision deadline to June 24, 2025. This marks another delay in a growing list of crypto ETF decisions as the SEC takes a cautious approach to digital asset products.
The proposed ETF would track the performance of Polkadot (DOT), a leading Layer 0 blockchain network designed for interoperability among various chains. A positive decision would mark a significant milestone in expanding crypto access through traditional financial markets.
📉 How Markets Are Reacting
Following the delay, the price of DOT experienced a slight dip, falling from just over $5 to around $4.80. Despite the drop, daily trading volume remained solid at approximately $263 million, indicating ongoing investor interest.
Analysts attribute the price movement more to short-term disappointment than to any fundamental issues with the Polkadot network. Investors are likely adopting a “wait and see” approach as they monitor broader regulatory trends.
🔄 Crypto ETF Backlog Grows
Polkadot is not alone in facing delays. The SEC has also deferred decisions on ETFs tied to Solana, XRP, Dogecoin, and HBAR. This reflects the Commission’s broader effort to thoroughly assess the market structure, custody protocols, and investor protections tied to digital asset funds.
With over 70 crypto ETF applications under review, including products from major firms like Grayscale and BlackRock, the backlog has become a major storyline in the regulatory space. The next few months will be crucial for setting the tone on how spot crypto ETFs are evaluated and approved.
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