Crypto Prices Dip Despite ETF Optimism; SEC Adjusts Stance
Cryptocurrency prices have seen a dip this week, with Sui and Polkadot both experiencing losses despite optimism surrounding their potential exchange-traded funds (ETFs). Meanwhile, the regulatory landscape continues to evolve, with the SEC adjusting its stance on cryptocurrency-based funds.
Sui and Polkadot prices have taken a hit this week, with Sui down by 4% and Polkadot down by 3%. Despite this, analysts remain optimistic about the prospects of ETFs for these cryptocurrencies. There is a predicted 90% chance of Polkadot ETF approval in November 2025, and a 60% chance for Sui ETF in December 2025.
Regulators have recently asked issuers to revise or withdraw 19b-4 filings to meet updated listing standards. The SEC has also adjusted its stance, now treating most digital assets as commodities. This shift in perspective could have significant implications for the crypto market.
21Shares, a prominent player in the crypto ETF space, has added its Polkadot (DOT) and Sui (SUI) ETFs to the DTCC website. This move is a standard process for preparing new funds, but it does not indicate SEC approval. 21Shares has previously introduced Europe's first Bitcoin exchange-traded product in 2019 and is now expanding its reach in U.S. markets.
Despite recent price dips, analysts remain bullish on the prospects of Sui and Polkadot ETFs. However, regulatory changes and the need for issuers to meet updated listing standards may impact the timeline and outcome of these ETF approvals.
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