The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the 21Shares Polkadot Spot ETF until November 8, 2025, affecting the market.
SEC Delay on Polkadot ETF Decision
The SEC has delayed its decision on the 21Shares Polkadot Spot ETF originally anticipated on June 24, 2025. The ruling is now expected on November 8, 2025, placing the Polkadot ETF among a multitude of other cryptocurrency applications undergoing lengthy regulatory review.
Market Reaction to Polkadot News
Following this announcement, Polkadot's price fell by nearly 2%, settling around 3.41 in the last 24 hours. Analysts state that the short-term decline is attributed to investor reactions rather than structural issues within the Polkadot network. This downward trend indicates a wait-and-see approach among investors awaiting further developments in regulation.
Increase in Pending Crypto ETF Applications
Polkadot is part of a growing list of over 70 crypto ETF proposals awaiting SEC decisions. Applications include funds from major firms such as BlackRock and Grayscale. The SEC has also delayed decisions on ETFs linked to HBAR, Dogecoin, and Shiba Inu, highlighting the need for a consistent evaluation process for these applications.
The SEC's delay on the Polkadot ETF decision and the price decline highlight market uncertainties. Investors are seeking clarity on ETF regulations while the SEC continues to review numerous applications.
