- Delay pushes final deadline to June eleventh, affecting Nasdaq’s rule filing and cooling near-term ETF approval expectations slightly.
- DOT price rises two point four percent after notice, reflecting traders’ optimism despite regulatory caution and elevated volatility.
The U.S. Securities and Exchange Commission has postponed a decision on the proposed Grayscale Polkadot Trust exchange-traded fund, setting a new deadline of June 11, 2025. The delay also covers Nasdaq’s related rule filing, first lodged on February 24 and published for comment on March 13, giving the agency up to ninety days—rather than forty-five—to complete its review.
Regulators said the extra time is needed “to consider the proposed rule change and the issues raised therein” a standard clause used when staff extend the clock under Section 19(b)(2) of the Exchange Act. Grayscale seeks to turn its existing Polkadot Trust into a spot ETF that would hold DOT tokens in custody and issue redeemable shares to public investors.
Meanwhile, Nasdaq has outlined daily share-creation and redemption procedures under Rule 5711(d) and plans real-time tracking of a reference price once the fund lists. Industry desks view the extension as routine, yet it still moved the market: DOT added 2.4 percent in the twenty-four hours after the notice and stood 15 percent higher on the week.
However, options traders lifted hedge volume in DOT-linked contracts, preparing for either an approval or a further pause. Grayscale stated it would “continue working with the Commission and Nasdaq to meet investor-protection standards” reiterating its confidence in a spot-product structure.
The same SEC order postponed verdicts on a Hedera ETF and a joint Bitcoin-Ethereum fund, signaling that every fresh crypto filing now moves under an extended timetable. Consequently, liquidity providers may keep spreads wider until guidance firms up later this summer, while retail holders watch the early-May comment deadline for the next data point.
For now, the SEC’s measured pace underscores a plain fact: crypto ETFs can advance only as fast as regulators are willing to sign on the dotted line.
Polkadot (DOT) is currently trading at $4.27, with a slight +0.12% daily gain, and a notable +17.71% rally over the past week, indicating early signs of bullish recovery. Despite this rebound, DOT remains -7.82% down over the last month, -35.42% year-to-date, and -38.21% over the past year. The token is still trading approximately 82% below its all-time high of $55.13, but short-term momentum is beginning to improve as technical signals strengthen.
From a technical standpoint, DOT has rebounded from long-term support near $3.67, and is now testing the $4.30–$4.50 resistance range. A confirmed breakout above this zone could open the door for a continuation toward $5.00–$5.50.
On the downside, if bulls lose momentum, support lies at $3.85 and deeper at $3.67, which has historically held as a major demand zone. Traders are watching for a potential higher-low structure to confirm reversal and bullish continuation patterns.
On the fundamental side, Polkadot is positioning itself as a Layer 0 protocol, offering cross-chain interoperability through its parachain ecosystem. Recent news includes the SEC delaying a decision on Grayscale’s proposed Polkadot Trust ETF until June 11, 2025, which introduces short-term uncertainty but underscores growing institutional interest.
The protocol also plans community engagement events, including AMA sessions in April, and continues to develop around its upcoming Hydration and GigaDOT upgrades.
