The US Securities and Exchange Commission (SEC) has postponed its decision on the proposed 21Shares Polkadot Spot ETF, pushing the deadline to November 8, 2025. This announcement has stirred reactions in the cryptocurrency market, particularly affecting the price of Polkadot, as investors analyze the implications of such regulatory delays. According to the results published in the material, market participants are closely monitoring these developments for potential impacts on future ETF approvals.
Polkadot Price Decline
In response to the SEC's delay, the price of Polkadot experienced a 2% decline, reflecting investor sentiment and uncertainty surrounding the ETF's approval.
Analysts' Optimism
Despite this setback, analysts remain hopeful, suggesting that the ETF could still receive approval later this year, which could significantly impact the market.
Ongoing Discussions
The ongoing discussions around cryptocurrency regulation and ETF approvals continue to be a focal point for investors and market watchers alike.
In a significant development, Pi Network successfully activated Stellar Protocol v25, enhancing its blockchain capabilities. This upgrade comes as the cryptocurrency market reacts to the SEC's recent decision on the Polkadot Spot ETF. For more details, read more.
