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.
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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 AI-based forecast expects Polkadot to peak at just under $12 in April 2025, significantly lower than Philakone’s $44 target.
Polkadot is trading at $6.11, meaning both predictions foresee significant growth, but differ on the magnitude of the rally.
How Could the ETF Filing Impact DOT’s Price?
- Increased demand from institutional investors.
- Greater liquidity and mainstream legitimacy for Polkadot.
- A supply shock if institutions begin long-term accumulation of DOT.
If adoption mirrors Bitcoin and Ethereum ETFs, Polkadot could experience a strong upward trend in 2025.
Recent Developments in Crypto ETFs
The crypto ETF space is witnessing rapid advancements:
- Grayscale has filed to convert its Grayscale XRP Trust into an ETF, joining four other applicants. Approval could potentially drive XRP’s price to $5.
- The SEC has approved spot Bitcoin and Ethereum ETFs, marking a significant milestone in crypto’s integration into traditional finance. This approval has led to speculation about Dogecoin’s potential, with some analysts predicting it could reach $2.60.
These developments underscore the growing acceptance and integration of cryptocurrencies into mainstream financial products.
Conclusion: Is Polkadot Ready for a Bull Run?
- 21Shares has officially filed for a Polkadot ETF with the SEC.
- Philakone predicts DOT hitting $44 in 2025, while CoinCodex sees a peak below $12.
- If approved, the ETF could increase DOT adoption and institutional demand.
With ETF speculation heating up and Polkadot adoption growing, 2025 could be a huge year for DOT.
