Key Insights:
- 21Shares adds Polkadot and Sui ETFs to DTCC listings, moving closer to potential SEC approval.
- DOT and SUI prices dipped weekly despite ETF optimism, with trading volumes showing notable declines.
- SEC adjustments and pending 19b-4 filings keep approval timelines uncertain for new altcoin ETFs.
21Shares has added its Polkadot (DOT) and Sui (SUI) exchange-traded funds (ETFs) to the Depository Trust & Clearing Corporation (DTCC) website. This step is part of the standard process for preparing new funds and does not mean the products have received approval from the U.S. Securities and Exchange Commission (SEC).
21Shares SUI and Polkadot ETFs Listings/Source: DTCCThe DTCC’s National Securities Clearing Corporation regularly adds securities to its system so they are ready for trading if regulators later give clearance. Analysts from Bloomberg have suggested approval chances of 90% for the Polkadot ETF in November 2025 and 60% for the Sui ETF in December 2025, though final decisions remain pending.
Market Response and Token Prices
The listing triggered mixed movements in both tokens. Sui and Polkadot recorded weekly declines of 4% and 3%, even as optimism grew around potential ETF approvals. Daily trading activity also fell, with Sui’s 24-hour volume dropping nearly 9% to $941 million and Polkadot’s sliding 26% to $194 million.
Prices, however, did recover in the short term. Sui climbed 4% from $3.16 to $3.31, while Polkadot advanced 2% to $3.90. Broader market factors, including strong U.S. labor market data and expectations for Federal Reserve policy, kept those rebounds limited.
Regulatory Path and Ongoing Delays
The SEC has continued to adjust its stance on cryptocurrency-based funds. Most digital assets are now treated as commodities under recent changes, which could simplify the approval process for ETFs. Still, the path forward has not been smooth. Regulators recently asked issuers to revise or withdraw 19b-4 filings to meet updated listing standards.
Canary’s Sui ETF application has already faced delays, with its review moved to July 2025. Commenting on the overall climate, Bloomberg senior analyst Eric Balchunas remarked that “the crypto ETF approval season has officially arrived,” while acknowledging that uncertainty over timelines remains.
21Shares Expands Its ETF Efforts
21Shares manages about $4 billion in assets and has played a central role in pushing crypto ETFs forward. The firm introduced Europe’s first Bitcoin exchange-traded product in 2019 and is now expanding its reach in U.S. markets. The listing of Polkadot and Sui adds to its strategy of leading altcoin ETF launches.
Forecasts remain speculative. CoinCodex projects Sui could trade near $7.8 by 2026, while Polkadot could reach $5.2. Other altcoin ETFs, including those tied to Solana, Litecoin, and XRP, are also expected to come under review before the end of 2025.
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Source: https://coincu.com/uncategorized/polkadot-sui-etfs-appear-on-dtcc/
