SEC Delays Decision on 21Shares’ Spot Polkadot ETF Application
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the proposed spot Polkadot ETF from digital asset manager 21Shares.
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.
If approved, the fund would provide investors with secure, regulated access to DOT through direct token custody, eliminating the need for self-managed wallets or trading on unregulated platforms. The ETF structure is designed to streamline exposure for both institutional and retail market participants.
The SEC’s eventual decision will be closely watched as it may signal broader regulatory sentiment toward altcoin-based spot ETFs.
Kosta Gushterov
Reporter at Coindoo
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
