21Shares Lists Polkadot, Sui ETFs: How DOT, SUI Prices React?

What Does 21Shares' ETF Listing Mean for Polkadot and SUI Prices?

The crypto community is on high alert as 21Shares has listed Polkadot and SUI ETFs on the Depository Trust & Clearing Corporation (DTCC) website. This signals the US Securities and Exchange Commission’s (SEC) potential approval of these funds. 

With Bloomberg ETF analysts predicting 90% and 60% odds of approval for Polkadot and SUI ETFs, respectively, the market is eagerly anticipating the SEC's decision, set to be made by November and December. As these decisions loom, investors and traders are closely watching for the market’s reaction to this key development.

21Shares Lists Polkadot and SUI ETFs on DTCC

In a stunning development, investment giant 21Shares added Pokadot and Sui exchange-traded funds to the DTCC website. DTCC typically adds securities to the NSCC eligibility list as a precursor to ETF launches, although SEC approval remains a prerequisite for trading. This has sparked growing speculations about the regulator’s potential approval of the projects. 

Adding momentum to the development, the SEC recently shared an X post, drawing the community’s attention to the growing scams impersonating the watchdog. The commission wrote, “INVESTOR ALERT: Beware of fraudsters who may impersonate the SEC – or SEC officials or employees – on social media or in text messages to solicit you for scams.” 

Bloomberg’s Eric Balchunas considers this a positive sign towards the possible nod to the ETF launch. He reacted to the commission’s post, stating, “Crypto ETF approval season has officially arrived!”

Cryptocurrencies Plunge

Despite this positive development, the tokens have taken a sharp decline, plummeting by 3.7% and 3.4% over the past week. Currently trading at $3.23, the former has surged by 1.5% over the past month, despite a daily dip of 0.83%. At the same time, the latter has also seen a monthly hike of 5% but a 0.77% daily uptick. 

Driven by this negative momentum, traders are also showing less optimism towards these cryptocurrencies, which is visible in the notable plummets in their trading volumes. While the 24-hour volume of Sui is marked at $941 million, down by 8.76%, DOT’s volume is down by 26%, currently at $194 million. 

According to analyst Ali Martinez, Suicrypto is poised for a bullish breakout to $7. CoinCodex predicts that the highest point of the crypto this year is $3.26. It adds that the token may hit $7.8 in 2026. Also, CoinCodex’s projection says that the maximum limit of DOT in 2025 is $4.1, but it may surge to $5.2 in 2026.