DTCC Lists 21Shares' SUI & Polkadot ETFs Ahead of Potential SEC Approval
The Depository Trust & Clearing Corporation (DTCC) has listed 21Shares' SUI and Polkadot ETFs, a routine step that does not confirm regulatory approval from the SEC. While this suggests issuers are preparing for potential approval, neither ETF has been greenlit by the SEC as of Oct. 1.
The SEC recently withdrew delay notices for 16 crypto ETF applications, signaling a more streamlined review process. Additionally, the adoption of generic listing standards for crypto-based ETFs has removed procedural bottlenecks. Despite these developments, no public reports or insider statements indicate that the SEC is expected to approve 21Shares’ SUI or Polkadot ETFs in October 2025.
Bloomberg analysts estimate the odds of approval for Polkadot and Sui ETFs at around 90% and 60%, respectively, with chances likely improved due to recent regulatory developments. However, the U.S. government shutdown has dampened risk sentiment, contributing to the lack of significant price reactions in SUI and DOT despite the DTCC listing news.
21Shares' SUI and Polkadot ETFs have been listed on the DTCC's clearing list under tickers TSUI and TDOT, indicating issuers' preparations for potential approval. While market sentiment remains cautious due to the U.S. government shutdown, analysts predict a high likelihood of approval for these ETFs, barring any unexpected regulatory hurdles.
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