21Shares has listed Polkadot (DOT) and Sui (SUI) ETFs on the DTCC, signaling progress toward potential SEC approval in the United States.
The DTCC listing marks a procedural milestone, reflecting operational progress. Despite market caution, ETF approvals are expected by late 2025, potentially increasing institutional involvement.
21Shares, a Swiss digital asset manager, has successfully listed Polkadot (DOT) and Sui (SUI) ETFs on the Depository Trust & Clearing Corporation (DTCC). This procedural step signals advancement toward potential U.S. regulatory approval.
The key entity involved is 21Shares, well-known for its innovation in crypto ETFs. No official declarations are available from CEO Hany Rashwan or protocol founders regarding this specific DTCC listing event.
The market exhibited a cautious response, with SUI and DOT experiencing declines of 3.7% and 3.4% respectively. CryptoRank showcases rankings and market data for cryptocurrencies. This reaction indicates prevailing regulatory uncertainty influencing investor sentiment.
The financial implications include anticipation of broader liquidity inflows upon regulatory approval. The DTCC listing, while not an approval, often heralds potential institutional engagement.
Despite optimistic prospects, the immediate fiscal impact remains tentative. “Historical precedents suggest DTCC listings can precede market launches, as seen with BTC ETFs. Nonetheless, similar events have not guaranteed quick regulatory consent.”
Positive market movement post-approval may broaden asset liquidity and influence governance tokens considerably. Eric Balchunas shares insights on market trends. Past trends indicate post-regulatory approval phases as more definitive for asset price shifts and market influence.