SEC delays Grayscale Polkadot ETF decision until June, market reacts strongly

The U.S. Securities and Exchange Commission (SEC) has decided to postpone the approval of the Grayscale Polkadot ETF until June 11, 2025. This delay provides the SEC with more time to evaluate the proposal and related issues, particularly the Nasdaq rule change application. Despite the extended approval process, Polkadot's market performance remains strong, with the DOT price rising 15% over the past week.

Grayscale is attempting to further expand its cryptocurrency asset fund product line by launching the Polkadot ETF. If approved, it will allow investors to easily invest in Polkadot (DOT) on traditional stock exchanges. Although the approval is still pending, analysts remain optimistic about Polkadot's future, predicting that its price could break $10 in the coming months, and may even reach $20 or higher.

At the same time, Grayscale is also advancing other cryptocurrency-related ETF applications, indicating its long-term strategy for the mainstream investment market.