The United States Stock Exchange and Securities Commission (SEC) has once again delayed its decision on the Exchange Fund (ETF) proposed by 21Shares Polkadot (DOT), which extends the regulatory review period until November 8, 2025. This postponement continues a precautionary trend by financial surveillance by evaluating multiple investment products with parenting in evolution of parenting.
Originally scheduled for a verdict for June 24, the last movement of the SEC reflects the continuous concerns of the agency regarding market handling, investor protection and the general preparation of the cryptographic market for conventional financial instruments. The ETF, if approved, would be listed in the CBOE BZX exchange, with coinbase designated as custodian for underlying polkadot tokens.
A pattern of delay in all areas
The delay follows similar actions by the SEC in other proposals of ETF Altcoin. Last week, the commission postponed its decision on the Packadot ETF application separated from Grayscale, initially presented on June 11, indicating a broader hesitation towards the Spot Greenlighting cryptographic ETF beyond Bitcoin and Ethereum.
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| Source: Coinmarketcap |
The SEC has constantly adopted a case -by -case case approach of ETF applications that involve Altcoins, including XRP, Solana (Sol), Litecoin (LTC) and Dogecoin (Doge). According to an agency spokesman, “extended time is needed to collect public comments and perform a more complete analysis of the market structure, custody solutions and manipulation potential.”
While the caution of the regulator frustrates some in the digital asset space, analysts say that it reflects the complexities of integrating decentralized assets into traditional investment frameworks.
The price of the point increases despite the delay
Despite regulatory retention, Polkadot’s price responded positively. Within 24 hours after the ad, DOT increased by approximately 7%, currently quoting to $ 3.42 with an increase of 0.86%. The Token now has a market capitalization of approximately $ 5.44 billion, according to CoinmarketCap.
Market analysts attribute this concentration to a broader increase in the feeling of investors after reports of a fire between Israel and Iran. Bitcoin increase beyond the $ 106,000 further increased confidence throughout the cryptocurrency market, contributing to the demonstration in Altcoins such as Polkadot.
The increase in the price of DOT highlights the long -term confidence of investors in the Polkadot Network, which emphasizes interoperability and scalability in blockchain ecosystems. Many see that the postponement of the SEC is not a rejection, but as a procedure delay in what could finally become a significant milestone for institutional access to the DOT.
The expectations of analysts remain optimistic
While the SEC continues to stop, prominent voices in the financial analysis community are still sure that approval is only a matter of time. Eric Blchunas and James Seyffart de Bloomberg, both well considered ETF analysts, have expressed a strong optimism with respect to the future of cryptographic ETFs, including those based on Altcoins.
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Seyffart recently estimated that there is a possibility of “90% or better” that cryptographic ETFs such as the Spot Polkadot product receive the approval of the SEC in the next cycle, possibly as soon as in late 2025. He stressed that the detailed commitment of the commission with emitters and exchanges suggests a regulatory and regulatory approach of slow and slow and proactive.
“Delays are frustrating, but not necessarily bad,” Seyffart said in a recent transmission. “SEC is clearly doing its due diligence, which is essential for long -term legitimacy in this space.”
21Shares and its impulse for Polkadot recognition
21Shares, the company based in Switzerland behind the ETF proposal, is not newly arrived at the panorama of cryptographic investment. In 2021, he launched the first negotiated product (ETP) of Polkadot exchange (ETP) of the world in the Exchange Swiss, providing exposure to European investors to DOT in a regulated environment. Now, the company aims to replicate that success in the US market with a Spot ETF format.
The ETF application, presented on January 31, 2025, positions Coinbase as custodian, which increases the emphasis on security and compliance with institutional degree. If approved, the fund would allow US investors to obtain Packadot exposure without directly administering digital wallets or private keys.
However, success is not guaranteed. If the ETF does not obtain a sufficient demand or faces unsurpassed regulatory obstacles, 21Shares can choose to withdraw or rework the product. Even so, the potential rise remains convincing, especially in an era of growing institutional interest in cryptographic assets.
Regulatory landscape and market integration
The seclery of the SEC is not exempt from merit. SPOT Crypto ETFS introduces a series of regulatory concerns that differ from those linked to future -based products. Problems such as market manipulation, liquidity and custody risk remain high on the agency’s agenda.
In addition, the collapse of several high -profile cryptographic companies in recent years has reinforced the need for stricter safeguards. The SEC has repeatedly emphasized the need for transparent pricing mechanisms, solid surveillance exchange agreements and protection of investors comparable to those of traditional stock markets.
That said, the SEC has approved the Bitcoin Spot ETFs earlier this year, and ETFs of Ethereum are expected to be launched for the third quarter of 2025. This trajectory suggests that alternative alternatives such as Polkadot may not be far behind, assuming that the emitters can meet the strict standards of the agency.
Broader implications for cryptographic adoption
Beyond the details of Polkadot, the ongoing ETF reviews have broader implications for the cryptocurrency sector. The ETF Spot are seen as a key bridge between traditional finances and decentralized assets, opening the door to pension funds, asset administrators and retail investors to participate in cryptography markets through family vehicles.
The approval of an ETF of DOT would probably indicate a growing institutional comfort with more specialized blockchain ecosystems, especially those focused on solving the interoperability of the cross chain, a central force of the Polkadot protocol.
In addition, ETFs could help provide greater stability and liquidity of prices to underlying assets, which increases trust and participation in retail and professional investor segments.
What to expect next
The final decision of the SEC over the 21Shares Polkadot ETF is now scheduled for November 8, 2025. From time to time, the Commission will continue to review public comments, evaluating market data and potentially maintaining discussions with the interested parties of the industry.
Meanwhile, market observers will monitor the action of prices, regulatory speeches and ETF decisions related to signs of progress. While the timeline remains uncertain, the management seems increasingly favorable for Polkadot and other cryptographic assets that seek exposure to conventional investment.
If approved, the ETF could mark a fundamental moment in the continuous convergence of cryptographic and traditional finances, a moment that many believe that it is not a matter of whether, but when.
Writer
@Ellena
Ellena is an experienced cryptographic writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides information about the latest trends and innovations in the currency space.
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