Key Insights:
- SEC extends Grayscale Polkadot ETF decision deadline to June 11, 2025, from original April 27 date.
- DOT price up 15% over the past week amid ETF anticipation and market momentum.
- Nasdaq filed the Polkadot ETF proposal under Rule 5711(d) on Feb 24, published in Federal Register on Mar 13.
The U.S. Securities and Exchange Commission (SEC) has extended its review period for the Grayscale Polkadot Trust ETF proposal to June 11, 2025. The agency approved a 45-day extension beyond the original April 27 deadline.
The regulator will now take additional time to evaluate Nasdaq’s proposed rule change, which would allow Polkadot investment products to be listed and traded on its platform.
DOT, the native token of the Polkadot ecosystem, rose 16% over the past week, including a 3% gain over the last 24 hours. Investor optimism around the ETF and improving market momentum are driving DOT’s upward trajectory.
Nasdaq submitted the ETF proposal on Feb. 24 under Rule 5711(d) for Commodity-Based Trust Shares. The proposal was published in the Federal Register on Mar. 13.
SEC Pushes Grayscale Polkadot ETF Decision to June
On Apr. 24, the SEC issued a notice confirming the extended review period for the Grayscale Polkadot Trust. The commission stated it was “appropriate to designate a longer period” under Section 19(b)(2) of the Securities Exchange Act of 1934 to evaluate Nasdaq’s proposed rule change.
The submitted application in February aims to launch a commodity-based trust offering that monitors the market value of the DOT token from the Polkadot network. Since its initial publication, no public feedback has reached the US SEC regarding the presented proposal. Therefore, the regulatory body requires more time to assess all essential factors properly.
Notably, the US SEC has previously taken similar steps with other crypto-related ETF applications. Its cautious approach often involves using the full review period to address technical, legal, and market concerns related to new digital asset-based financial instruments.
DOT Price Gains Amid Regulatory Optimism
While the regulatory process continues, Polkadot has posted renewed strength. DOT gained more than 15% over the past week, driven by ETF anticipation and rising trading volume.
Crypto analyst Crypto Patel noted that DOT recently bounced off a key support level near $3.50, a move that reinforces bullish momentum.
According to his analysis, Fibonacci extensions and historical resistance levels suggest possible upside targets at $10, $20, and even $42—depending on market conditions.
The breakout from a multi-week consolidation range has been viewed as a shift in momentum, with higher lows forming in the price structure. Analysts monitoring the asset note that buyers have been regaining control, reinforcing the narrative that the DOT token is experiencing renewed strength.
Institutional Activity and Ecosystem Developments
Aside from the ETF speculation, Polkadot’s broader ecosystem has contributed to the token’s market performance. Current data indicates that a substantial portion of DOT tokens remains locked in staking, which reduces the circulating supply and supports price appreciation. This structural element is considered an important factor in maintaining buying pressure.
Several initiatives within the Polkadot ecosystem have also drawn attention. These include the upcoming launch of the JAM testnet, Harbour’s $100 million ecosystem development fund, and strategic investments from firms such as HashKey Capital.
Notably, Peaq has registered over four million decentralized infrastructure IDs. GIGADOT, a new DeFi initiative, is also gaining traction with its multi-yield products. Meanwhile, Mythical’s user base recently surpassed 7 million.
These developments suggest increasing real-world engagement within the Polkadot network, fueling investor optimism. The combination of technical strength, institutional interest, and ecosystem expansion has helped DOT regain momentum heading into the second quarter.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
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