The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Grayscale's application to launch a spot Polkadot (DOT) Exchange-Traded Fund (ETF). Originally set for April 27, 2025, the new deadline is now June 11, 2025. This extension allows the SEC additional time to thoroughly evaluate Nasdaq's proposed rule change to list the Grayscale Polkadot Trust ETF, reflecting the agency's cautious approach to cryptocurrency-related financial products.
Despite the regulatory delay, Polkadot's market performance remains robust. The DOT token has experienced a 2.4% increase in the past 24 hours and a 15.1% rise over the past week. Analysts maintain a bullish outlook, with some projecting price targets of $10, $20, and even $42 in the coming months, contingent on sustained market momentum. The SEC's decision on the ETF application is highly anticipated, as its approval could significantly influence Polkadot's adoption and valuation. $DOT