Just In: US SEC Postpones Decision on 21Shares Polkadot ETF

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the 21Shares Polkadot (DOT) Spot Exchange-Traded Fund (ETF), which was initially set for June 24, 2025. This delay comes as part of a broader trend in the SEC’s cautious approach toward cryptocurrency ETFs.

Despite the delay, Polkadot’s price surged by over 8% in the last 24 hours, possibly influenced by the easing of tensions in the ongoing Iran-Israel conflict.

SEC Delays Decision on Polkadot ETF

The SEC had earlier planned to announce its decision on the 21Shares Polkadot ETF by June 24. However, the agency has now extended the review period, with the final decision expected by November 8, 2025. This delay follows a pattern seen with other cryptocurrency ETFs, as the SEC continues to carefully assess the potential risks associated with digital assets.

Previously, the SEC had also extended its review of Grayscale’s Polkadot ETF application, which was due on June 11. Both the 21Shares and Grayscale Polkadot ETFs are now under further scrutiny, with decisions anticipated by November.

In addition to Polkadot, other altcoins such as XRP, Litecoin (LTC), Solana (SOL), and Dogecoin (DOGE) have also experienced delays in ETF approval. The SEC has extended the review periods for several crypto ETFs to allow for more time for public comments and evaluations.

Analysts Optimistic on Polkadot ETF Approval

Despite the delay in the decision on the 21Shares Polkadot ETF, analysts remain optimistic about its approval. Bloomberg analysts Eric Balchunas and James Seyffart have raised the odds of approval for many cryptocurrency ETFs, including Polkadot, to “90% or higher.” They cited strong engagement from the SEC as a positive sign for the future of these financial products.

James Seyffart, in particular, noted that while the approval process for crypto ETFs may extend beyond October, the likelihood of approval remains high.

“The SEC is taking a cautious yet engaged approach, which could lead to approval in the final quarter of 2025,” he said in a recent update.

Polkadot Price Performance Amid ETF Delay

Despite the uncertainty surrounding the SEC’s decision, Polkadot’s price has surged by over 8% in the last 24 hours. This price increase follows a slight easing of geopolitical tensions in the Middle East, notably between Iran and Israel.

The cooling of tensions in the region has led to a positive market sentiment, which may have contributed to Polkadot’s rally as Bitcoin price recovered above $106K.

Meanwhile, there is also speculation that memecoin ETFs, such as those linked to tokens like Dogecoin (DOGE), Shiba Inu (SHIB) could emerge in 2026 according to Bloomberg analysts. As the SEC evaluates these products, it will continue to weigh concerns related to market manipulation, volatility, and investor protection.