21Shares’ proposed SUI and Polkadot ETFs have been listed on the Depository Trust & Clearing Corporation website, fueling speculation that U.S. approval is near.
While the listings represent a step toward eligibility for trading, the U.S. Securities and Exchange Commission still has ultimate authority to approve or deny the applications.
According to Bloomberg ETF analysts, Polkadot’s ETF has a 90% chance of approval, while SUI stands at 60%.
The SEC’s deadlines for a final decision are in November and December. Notably, the SEC recently asked ETF issuers to withdraw certain filings for compliance reasons, underscoring strict oversight.
DTCC’s inclusion of these ETFs in the NSCC eligibility list signals preparations for launch, pending SEC approval. Bloomberg analyst Eric Balchunas commented that “ETF approval season has arrived,” reflecting growing optimism within the crypto community.
If approved, the ETFs would expand regulated investment options, broadening exposure to Polkadot and SUI for traditional investors.
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