News 
April 24, 2025 
4 min. 
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the Polkadot ETF proposed by Grayscale. On April 24, 2025, the agency announced it needs additional time to evaluate the application.
The SEC has now set June 11, 2025, as the new deadline to review Nasdaq’s proposed rule change.
If approved, this would allow the Polkadot ETF to be listed and traded publicly, giving investors access to the ecosystem through a regulated exchange.
SEC Extends Grayscale ETF Review Period
A notice signed by Assistant Secretary Sherry R. Haywood confirmed the commission’s decision to extend the timeline.
The SEC cited the need for more time to assess Nasdaq’s request to list the Grayscale Polkadot Trust under Rule 5711(d), which covers Commodity-Based Trust Shares.
The proposal was submitted on February 24, 2025, and published in the Federal Register on March 13.
To date, no public comments have been submitted in response.
This delay is consistent with the SEC’s cautious stance on crypto-related ETFs under Section 19(b)(2) of the Securities Exchange Act of 1934. If approved, the Polkadot ETF would join other regulated crypto investment products in the market.
DOT Price Rises Despite ETF Uncertainty
Despite the regulatory delay, Polkadot’s native token DOT continues to show bullish momentum.
It has rallied 2.4% in the last 24 hours and 15.1% over the past week.
Analysts remain optimistic, with some predicting the price could reach $42 in the coming months. A renowned crypto firm recently released a positive price forecast for April 2025, reinforcing market confidence.
Crypto analyst Crypto Patel noted that DOT is behaving as expected technically. He highlighted that the token bounced from his $3.50 entry point and could soon test $10, $20, and eventually $42.
In a recent tweet, Patel wrote:
“$DOT Update: From Vision to Validation!”
“We identified the breakout early. With support holding, the next move could bring DOT to higher resistance levels.”
Ecosystem Growth Supports DOT’s Rally
Market analyst Benjamin outlined several drivers behind DOT’s strength. These include the ongoing Polkadot ETF application, strong staking participation, and major developments across the ecosystem.
Among the highlights are the upcoming JAM testnet, Harbour’s $100 million funding effort, and new backing from HashKey Capital.
He also mentioned GIGADOT’s DeFi tools, Peaq’s decentralized infrastructure with 4 million IDs, and Mythical’s gaming platform, which now hosts 7 million users.
In parallel, attention is shifting to the potential launch of an XRP ETF. Some analysts believe it could spark a dramatic price rally for Ripple, potentially as high as 600%.
