SEC postpones decision on Polkadot ETF

The United States Securities and Exchange Commission has officially postponed its decision on the Polkadot DOT immediate delivery ETF proposed by 21Shares, which was expected to be announced on June 24, 2025. This action continues to reflect the SEC's cautious stance on cryptocurrency ETF products.

According to the latest announcement, the deadline for evaluating 21Shares' Polkadot ETF has been extended to November 8, 2025. Previously, the SEC also postponed the deadline for reviewing Grayscale's Polkadot ETF, which was originally due on June 11. Both of these ETF proposals are currently delayed to give the regulatory body more time to assess risks and receive public feedback.

Not only Polkadot, a host of other altcoins such as XRP, Litecoin (LTC), Solana (SOL), and Dogecoin (DOGE) are also in a similar situation as the SEC continues to extend the review period for related ETF proposals.

Analysts are optimistic about the approval prospects

Despite the delay, analysts remain optimistic about the possibility of the Polkadot ETF being approved. Bloomberg's experts Eric Balchunas and James Seyffart have raised the likelihood of approval for cryptocurrency ETFs—including Polkadot—to "90% or higher".

James Seyffart believes: “SEC is applying a cautious but proactive approach, which could lead to approval in Q4/2025.”

Despite the uncertainty from the SEC, the price of Polkadot has surged over 8% in the past 24 hours. This price increase comes amid easing geopolitical tensions between Iran and Israel, boosting optimism in the market. Bitcoin has also recovered above the $106,000 mark, contributing to the upward trend of DOT.

In addition, Bloomberg experts also predict the possibility of the emergence of memecoin ETFs such as Dogecoin (DOGE) and Shiba Inu (SHIB) in 2026. However, SEC will need to continue to carefully consider factors related to market manipulation, price volatility, and investor protection before making a final decision.

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