Grayscale to Launch Polkadot ETF Soon, Could DOT Price Surge to $34?

Jakarta, Pintu News – The cryptocurrency market recently witnessed a significant move from Nasdaq which applied to the US Securities and Exchange Commission (SEC) to list and trade shares of the Grayscale Polkadot ETF.

This move is expected to have a major impact on the price of Polkadot DOT->Harga DOT Saat IniRp 0Market CapRp 0Volume TradingRp 0Suplai BeredarRp 0, with predictions reaching up to $34.

Nasdaq Filing for the Polkadot ETF

Read also: Grayscale proposes Cardano ETF, ready to become a new investment option in the crypto world?

Nasdaq has submitted a form 19b-4 to the SEC to list and trade shares of the Grayscale Polkadot Trust (DOT). The filing is part of efforts to expand cryptocurrency-based investment products on traditional exchanges.

Grayscale Investments, through this product, aims to provide regulated exposure to Polkadot’s native token. The SEC has a 45-day review period to acknowledge this filing, after which they can approve, deny, or extend the review process.

Following the filing of the Polkadot ETF, the price of DOT briefly increased 4% before dropping 6% in the last 24 hours (2/25/25), trading at $4.4. This shows both high market volatility and great interest in the further development of this product.

Grayscale’s Breadth Strategy in ETFs: What Does It Mean for Investors?

Grayscale is not only focused on Polkadot but has also applied to convert their XRP Trust into an ETF and applied for a recognized spot Cardano ETF.

In addition, other potential products related to digital assets such as Solana SOL->Harga SOL Saat IniRp 0Market CapRp 0Volume TradingRp 0Suplai BeredarRp 0, Dogecoin DOGE->Harga DOGE Saat IniRp 0Market CapRp 0Volume TradingRp 0Suplai BeredarRp 0, and Litecoin LTC->Harga LTC Saat IniRp 0Market CapRp 0Volume TradingRp 0Suplai BeredarRp 0 are also being considered. This expansion shows Grayscale’s adaptation to the evolution of regulatory sentiment towards cryptocurrencies.

Market analysts believe that the change in regulatory stance may increase the chances of approval for several spot crypto ETFs. This will pave the way for institutional and retail investors to get more deeply involved in the crypto market through more regulated and secure instruments.

Potential Rise in Polkadot Price to $34

Market analysts think that the price of Polkadot (DOT) could see substantial gains if key resistance levels are successfully broken. The first major resistance level is at $6, which must be crossed to develop strong upside momentum.

Also read: Ohio Launches Bill to Protect Crypto Payments and Digital Asset Rights!

If the DOT manages to cross this level, it could move towards the next significant resistance point at $11. If it manages to cross $11, this would indicate a strong bullish trend, potentially clearing the way towards $34 with minimal obstacles.

Analysts suggest potential scenarios for Polkadot’s price movement based on different market conditions, suggesting great opportunities for investors monitoring these developments.

Overall, the Nasdaq filing for the Polkadot ETF by Grayscale marks a new era in cryptocurrency investment products. With potential approval from the SEC, it could bring greater liquidity and institutional adoption to the DOT ecosystem.

Investors and market watchers will be looking forward to the SEC’s decision which will greatly affect market dynamics.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Nasdaq Seeks SEC Approval for Grayscale Polkadot ETF. Accessed on February 26, 2025
• Coingape. Nasdaq Submits Filing to List Grayscale Polkadot ETF, DOT Price to $34. Accessed on February 26, 2025
• Cointelegraph. Nasdaq Files GrayscalePolkadot ETF. Accessed on February 26, 2025