21Shares SUI and Polkadot ETFs Near SEC Approval After DTCC Listing

Wall Street's crypto embrace accelerates as 21Shares' SUI and Polkadot ETFs clear critical DTCC hurdle

The regulatory dam breaks

DTCC inclusion signals institutional readiness—these aren't your cousin's meme coins hitting mainstream finance. The Depository Trust & Clearing Corporation doesn't play games with unvetted assets.

SUI and DOT join the big leagues

Both protocols escape altcoin obscurity as regulated financial products. SUI's move-proof blockchain architecture finally gets its Wall Street close-up while Polkadot's parachain ecosystem lands institutional validation.

The SEC approval runway shortens

DTCC listing typically precedes regulatory green lights by weeks, not months. Watch for the usual regulatory theater—enough hand-wringing to appear diligent before approving what's already inevitable.

Traditional finance's 'if you can't beat them, fee them' strategy continues unabated—turning disruptive tech into another revenue stream while pretending they invented the concept.

What the DTCC listing means

While appearing on the DTCC’s website is a step forward, it does not mean the ETFs have received regulatory approval. The DTCC adds securities to the National Securities Clearing Corporation (NSCC) eligibility list in preparation for a potential ETF launch, but trading cannot begin without SEC clearance. 

Other crypto ETFs, such as Fidelity solana ETF (FSOL), Canary XRP ETF (XRPC), and Canary Hedera ETF (HBR) have also been listed on the DTCC site, signifying a busy timeframe of potential crypto ETF approvals.

Market reaction and price action

Following the DTCC listings, SUI and Polkadot prices rebounded slightly. SUI ROSE 3% from its 24-hour low of $3.23 to an intraday high of $3.31, trading around $3.28. Polkadot climbed 2%, trading at $3.97, with a 25% decline in trading activity, according to CoinMarketCap. 

Investors should remember that the trading of these ETFs is subject to the final decision of the regulator, and the crypto markets are extremely volatile. While the listings generate optimism, potential investors should carefully consider risks before making decisions.

The introduction of sui and Polkadot ETFs to the DTCC site is a potential turning point of U.S. crypto ETFs, but the ultimate SEC approval will decide whether these funds can actually reach the market.

Also Read: 21Shares Updates Solana ETF Filing Ahead of SEC October Decisions