Nasdaq extended a decision deadline for the 21Shares Spot Polkadot (DOT) ETF. The move mirrors the deliberations that continue on the approval of exchange-traded funds based on cryptocurrencies.
Nasdaq formally filed a Form 19b-4 with the U.S. Securities and Exchange Commission (SEC) in March 2025, seeking approval to list and trade shares of the 21Shares Polkadot Trust ETF.
Back in February 2025, 21Shares, a Swiss asset management company, submitted an S-1 registration to the SEC to launch the spot DOT ETF. The filing explained that the fund will avoid speculative trading and would rather seek to replicate DOT’s price movements. Coinbase Custody Trust Company was appointed as custodian.
By the end of April, the SEC chose to postpone its ruling on the ETF until June 11, 2025. The postponement is as the SEC continued consideration of an influx of ETF applications covering a range of crypto assets such as XRP, Solana, and Litecoin. The result of the review of the DOT ETF is viewed as an important gauge of how open regulators will be to wider crypto ETF offerings in the near future.
As of writing, the Polkadot (DOT) price stood at $4.74 as it decreased by 5.24% in the last 24 hours.
Also Read: SEC Delays Solana ETF Decision, Polkadot & XRP ETFs Next Up
