BREAKING: 21Shares SUI and Polkadot ETFs Gain DTCC Listing

Varinder Singh
5 hours ago
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BREAKING: 21Shares SUI and Polkadot ETFs Gain DTCC Listing

Highlights

  • DTCC lists 21Shares SUI and Polkadot ETFs, signaling approval by the SEC soon.
  • Polkadot and SUI ETFs are due for final SEC decision in November and December.
  • Bloomberg senior ETF analyst Eric Balchunas said "crypto ETF approval season has officially arrived."

21Shares SUI and Polkadot ETFs were listed on the DTCC website. The listing indicates progress towards approval of the exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) nears. Experts confirm the decision on ETF approvals lies with the commission, and the DTCC listings do not indicate regulatory approval.

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DTCC Lists 21Shares SUI and Polkadot ETFs

Two crypto ETFs appeared on the DTCC’s website: 21Shares SUI ETF (TSUI) and 21Shares Polkadot ETF (TDOT). The listing sparks buzz in the crypto community as it signals a potential approval of these ETFs by the SEC soon.

21Shares SUI and Polkadot ETFs Listings
21Shares SUI and Polkadot ETFs Listings: Source: DTCC

Polkadot and SUI ETFs have 90% and 60% odds of approval by the SEC, according to Bloomberg ETF analysts. The final deadline for the SEC to approve or deny 21Shares Polkadot and SUI is in November and December, respectively. Notably, the commission has asked all ETF issuers to withdraw 19b-4 forms in compliance with the General Listing Standards for crypto ETFs.

Notably, DTCC adds securities to the NSCC security eligibility list in preparation for the launch of a new ETF to the market, but still requires SEC approval before they can begin trading. Bloomberg’s senior ETF analyst Eric Balchunas reacted to an SEC announcement and claimed the crypto ETF approval season has arrived.

As CoinGape reported earlier, Fidelity’s Solana ETF (FSOL), Canary’s XRP ETF (XRPC), and Canary’s Hedera ETF (HBR) were listed on the DTCC’s website.

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SUI and DOT Price Action Amid the Announcement

Traders reacted immediately to 21Shares SUI and DOT ETFs’ listing on DTCC, causing prices to rebound from the latest fall. This came after the US JOLTS jobs data came in slightly higher than expectations, signaling a resilient labor market in the United States. However, this has not impacted the market estimates over two additional Fed rate cuts this year.

SUI price bounced 4% from the 24-hour low of $3.16 to hit an intraday high of $3.31. The price is currently trading at $3.23, with a 12% drop in trading volume over the last 24 hours amid the US government shutdown jitters.

Meanwhile, Polkadot rebounded 2% in the past 24 hours, with the price currently trading at $3.90. The 24-hour low and high were $3.81 and $3.94, respectively. Furthermore, the trading volume has decreased by 24% in the last 24 hours, indicating a decline in interest among traders.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Varinder is a seasoned leader in the fintech and crypto media with over 12 years of experience, including over 6 years dedicated to blockchain, crypto, and Web3 developments. He is known for covering high-impact and quality news stories for publishers such as CoinGape, The Coin Republic, and The Crypto Times, while perfecting and training multiple journalists during his tenure. Being a Master of Technology degree holder, analytics thinker, and tech enthusiast, he has shared his knowledge of disruptive technologies in over 5000 news articles and papers.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.