Timeline of the Polkadot ETF (Grayscale and 21Shares)
Grayscale:
➖Grayscale filed its application to launch a Polkadot ETF on February 25, 2025.
➖The U.S. Securities and Exchange Commission (SEC) began its formal review of the application on March 13, 2025.
➖On April 24, 2025, the SEC announced a 45-day extension for its decision, setting a new deadline for June 11, 2025.
The proposal aims to list the "Grayscale Polkadot Trust" on Nasdaq, offering investors direct exposure to the DOT token through a spot ETF.
21Shares:
➖21Shares filed its application to launch a Polkadot ETF on January 31, 2025.
➖On March 17, 2025, Nasdaq submitted Form 19b-4 to the SEC to list the ETF, marking a key step in the approval process.
➖The SEC officially accepted the application on March 20, 2025, initiating the formal review period.
➖A decision on this ETF is scheduled for June 24, 2025.
The proposal aims to list the "21Shares Polkadot Trust" on the Cboe BZX Exchange, with Coinbase as the custodian of the DOT tokens.
The U.S. Securities and Exchange Commission (SEC) can postpone a decision on an ETF up to three times after receiving the initial application, within a maximum period of 240 days from the filing date. $DOT
*BTC (ANALYSIS) Price successfully breakout trendline, also hold above marked breaker zone align with FVG, if buyers successfully sustain above it then move towards upside will trigger in it. $BTC
These dump in BTC is expected by NBS again and again in this section, now see how beautifully Price dumped very well from marked levels towards downside, BTC behaved exactly as NBS predicted in previous analysis 💯✅
Now price structure is still bearish, so still more move towards downside will trigger in it from marked red rejections lines. $BTC
Price successfully retest marked breaker & FVG and showed bearish displacement towards downside, more retracement towards downside is expected in it. $BTC
Price successfully closed its candle above on trendline which will consider as a breakout, now move towards upside into marked levels is expected in it, while if price come back down under trendline then this would consider as a fake-out. $BTC
Price has closed its candle below marked support zone, seller aggression is expected in it which will cause of more retracement in it towards down marked demand zone.$BTC
Currently price is struggling near marked mid range resistance zone, if price breakout $59724 level then move towards upside into marked range high zone will trigger in it, while rejection here would result in a retracement in it.$BTC
Same bias here as in BTC, price is coming back into marked breaker as a bearish retest | LH leg, rejection will happen in it and downside move from there is expected in it.$ETH
Price is coming back into marked yellow zone as a bearish retest, after successful bearish retest and seller aggression there would lead price to dump from there towards downside onto marked demand zone.$BTC
Price structure is bearish here, price continuously making LL | LH, dumped already happened in it as predicted in live session, now again facing marked bearish OF zone. If seller show aggression here then downside move will again trigger in it.
After got rejected from upper marked resistance zone, price showed decent displacement downside, currently closing his candle below breaker which will confirm of downtrend move in it onto marked FVG yellow zone.$BTC