The United States of the United States Securities and Stock Exchange Commission (SEC) announced that Grayscale Polkadot extended the investigation period for the application for ETF. The newly determined final decision date was reported to be June 11, 2025. In line with this decision, the SEC will make an assessment on whether Nasdaq’s approval regarding the amendment of the rule proposed. This regulation aims to prepare the ground for the Listing and processing of the Polkadot -based investment product.
SEC Decision and Investigation Process
The commission, the first investigation period after the end of the 45 -day after the end of the end of the period said. In the statement issued by the SEC, the reason why he extends the examination period was expressed as a change of rule and the need for a detailed evaluation of the issues brought.
Sherry R. Haywood, SEC Official: “The proposed rule change and the issues brought to the agenda are needed to be meticulously examined.”
DOT COIN
Despite the delay in the decision process for Polkadot -based ETF, DOT’s market performance, the local token of the project, is observed. 2.4 %increased in the last 24 hours and 15.1 %on a weekly basis. While analysts have positive expectations for DOT, some said the future target price may be over $ 10.
Crypto market analyst Crypto Patel said Dot’s graph moves as expected. Patel reiterated its previous estimates for the token, pointing out that the price could reach $ 10, 20 and even $ 42, respectively if the current momentum continues.
In addition to the Polkadot ETF application in the market, different projects and test networks were developed. For example, Jam Testnet’s recently released use, Harbor’s $ 100 million ecosystem fund and hashkey Capital’s investment in the project drew attention. These developments are closely monitored by investors.
In addition, the positive expectations in the DOT market, stinging activities have a significant impact. Other analysts observing the market, various technological developments can also contribute to the future of DOT, he said. New projects and technological innovations are expected to be positively reflected in the sector.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
