21Shares Files for Spot Polkadot ETF – Could DOT Hit $44 in 2025?
The post 21Shares Files for Spot Polkadot ETF – Could DOT Hit $44 in 2025? appeared on BitcoinEthereumNews.com.
The race for crypto ETFs continues, with 21Shares officially filing for a spot Polkadot (DOT) ETF with the U.S. Securities and Exchange Commission (SEC). If approved, this would mark a major step for Polkadot’s mainstream adoption and could significantly impact DOT’s price. Day trader Philakone predicts Polkadot will hit $36 by May 2025, followed by a correction to $20 and then rallying to $44 by Q4 2025. Meanwhile, CoinCodex’s algorithmic model is more conservative, forecasting a peak of just under $12 in April 2025. Buy Polkadot on Kraken Could this ETF filing ignite a Polkadot bull run? Let’s break it down. 21Shares Files for Spot Polkadot ETF with the SEC On January 31, 2025, asset management firm 21Shares officially submitted a spot Polkadot ETF filing to the U.S. SEC. If approved, the ETF—called the 21Shares Polkadot Trust—would list on the Cboe BZX Exchange, with Coinbase Custody serving as the custodian for the DOT tokens. Why This ETF Matters First spot DOT ETF in the U.S. – Provides institutional and retail investors regulated exposure to Polkadot. Increased legitimacy – If approved, DOT could see higher adoption and credibility among traditional investors. Boost in liquidity – Similar to Bitcoin and Ethereum ETFs, a Polkadot ETF could drive higher demand and trading volume. The filing follows 21Shares’ earlier success in launching a Polkadot ETP on the Swiss SIX Exchange in 2021, showing long-term confidence in the DOT ecosystem. Polkadot Price Predictions: Can DOT Hit $44? With the ETF filing generating buzz, analysts have started setting price targets for Polkadot in 2025. Day trader Philakone believes DOT could see major gains in 2025, predicting: $36 by May 2025 Correction to $20 Final peak at $44 in Q4 2025 POLKADOT PREDICTION. pic.twitter.com/1mK55zbnjk — Philakone (@PhilakoneCrypto) January 21, 2025 Not all models are as bullish. CoinCodex’s…
Filed under: News - @ February 1, 2025 8:25 pm