#DOT SEC Delays Decision on 21Shares’ Spot Polkadot ETF Application: The application seeks to bring direct exposure to Polkadot’s native token, DOT, to U.S. investors through a regulated investment vehicle.

Despite the delay, analysts at Bloomberg view the move as procedural and estimate a 90% probability of approval by the final decision deadline of November 8. Such delays are common in the ETF approval process, particularly for crypto-related products.

The proposed 21Shares Polkadot ETF aims to passively track the price of DOT using the CME CF Polkadot-Dollar Reference Rate. This benchmark aggregates pricing data from leading DOT trading venues to offer a reliable valuation standard.$BTC