THE SEC CHALLENGES THE GRAYSCALE POLKADOT ETF

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 scheduled for April 27, 2025, the new deadline is now June 11, 2025. This extension allows the SEC additional time to thoroughly evaluate the proposed rule change by Nasdaq to list Grayscale's Polkadot Trust ETF, reflecting the agency's cautious approach to financial products related to cryptocurrencies.

Despite the regulatory delay, Polkadot's market performance remains strong. The DOT token has experienced a 2.4% increase in the last 24 hours and a 15.1% increase in the last week. Analysts maintain a bullish outlook, with some projecting price targets of $10, $20, and even $42 in the coming months, depending on sustained market momentum. The SEC's decision on the ETF application is highly anticipated, as its approval could significantly influence the adoption and valuation of Polkadot. $DOT

DOTUSDT

Perp.

4.104

-3.11%