The SEC postponed a decision on the Polkadot ETF until November 8, 2025, while DOT rose 8.55%, driven by market optimism and a reduction in geopolitical tensions.
The US Securities and Exchange Commission (SEC) has postponed its decision on the 21Shares Polkadot (DOT) Spot Exchange-Traded Fund (ETF), which was initially scheduled for June 24, 2025. The delay comes as part of a broader trend in the SEC's cautious approach to cryptocurrency.
Despite the delay, Polkadot's price is up more than 8% over the past 24 hours, likely influenced by the easing of tensions in the ongoing Iran-Israel conflict.
SEC Delays Ruling on Polkadot ETF
The SEC had earlier planned to announce its decision on the 21Shares Polkadot ETF by June 24. However, the agency has now extended the review period, with a final decision expected by November 8, 2025.
The delay follows a pattern seen with other cryptocurrency ETFs, as the SEC continues to scrutinize the potential risks associated with digital.
Earlier, the SEC also extended its review of Grayscale's Polkadot ETF application, which was due on June 11. Both the 21Shares and Grayscale Polkadot ETFs are now under further scrutiny, with decisions expected by November.
In addition to Polkadot, other altcoins such as XRP, Litecoin (LTC), Solana (SOL), and Dogecoin (DOGE) have also experienced ETF approval delays.
\The SEC has extended the review period for several crypto ETFs to allow more time for public comment and evaluation.
Analysts are optimistic about Polkadot ETF's approval.
Despite the delay in the decision on 21Shares Polkadot ETF, analysts are optimistic about its approval.
Bloomberg analysts Eric Balchonas and James Seifert have raised the odds of approval for several cryptocurrency ETFs, including Polkadot, to “90% or higher.” They called the strong engagement from the SEC a positive sign for the future of these financial products.
James Seifert specifically noted that while the approval process for crypto ETFs may extend beyond October, approval is more likely.
“The SEC is taking a cautious but engaged approach, which could lead to approval in the last quarter of 2025,” he said in a recent update.
Polkadot Price Performance Amid ETF Delay
Despite the uncertainty surrounding the SEC’s decision, Polkadot’s price has gained more than 8% in the past 24 hours.
The rise in prices comes after a slight easing of geopolitical tensions in the Middle East, particularly between Iran and Israel.
The cooling of tensions in the region has sparked positive market sentiment, which may have contributed to Polkadot’s rally as Bitcoin’s price has surged above $106K.
Meanwhile, there is also speculation that memecoin ETFs, such as Dogecoin (DOGE), tied to tokens like Shiba Inu (SHIB) could emerge in 2026, according to Bloomberg analysts.
As the SEC reviews these products, it will continue to review concerns about market manipulation, volatility, and investor protection.
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