21Shares Polkadot ETF (TDOT) and 21Shares Sui ETF (TSUI) have been listed on the DTCC website. This listing is part of the standard preparation process for launching new ETFs and does not indicate that the products have received any regulatory approval or completed other approval
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Polkadot breaks out: ETF odds surge and pUSD stablecoin vote opens, eyes on $4.42
Oct, 02, 2025
4 min read
by Charles Thuo
for Invezz
Polkadot (DOT) has shown renewed strength in recent days, breaking above key resistance levels and drawing attention from multiple fronts.
A combination of rising expectations for a US-listed Polkadot exchange-traded fund (ETF), governance shifts, and a fresh proposal for a native stablecoin has pushed DOT into the spotlight.
Traders are now watching closely to see if the cryptocurrency can hold its ground above $4.28 and make a run toward $4.42.
Polkadot ETF approval odds rise
One of the clearest drivers of Polkadot’s recent momentum has been progress on the ETF front.
The 21Shares Polkadot ETF, trading under the ticker TDOT, was recently added to the Depository Trust & Clearing Corporation’s (DTCC) National Securities Clearing Corporation list.
However, this listing does not mean the fund is approved to trade, but it signals that the groundwork for settlement and trading is already in place.
Analysts at Bloomberg and other outlets have given Polkadot’s ETF strong odds of approval, with approval chances estimated at around 90% by November 2025.
That approval would mark a turning point by opening the door for institutional capital through regulated investment vehicles.
The ETF optimism has also spilled over into the broader market, with Sui and Solana-linked funds making similar progress.
While Solana is widely expected to be the first in line, Polkadot’s presence on the DTCC list underscores the growing seriousness with which institutions are treating the ecosystem.
Technical breakout sparks trader interest
Alongside institutional news, DOT has delivered a decisive technical breakout.
On October 1, the token surged past the $4.11 resistance level on a wave of trading volume five times above its average.
The breakout invalidated a long-term descending trendline that had held DOT back for nearly two years.
Furthermore, technical indicators remain supportive, with the Relative Strength Index (RSI) sitting at a neutral 52.18, suggesting there is still room for upward movement before overbought conditions emerge.
Going by the current market momentum, the altcoin should hold above $4.28 for a bullish confirmation, with the next immediate resistance sitting at $4.42, a level that could trigger further upside if broken convincingly.
Polkadot governance reforms stir debate
Beyond the market action, Polkadot’s governance has been undergoing changes.
The Web3 Foundation recently introduced stricter oversight of treasury proposals, an effort aimed at reducing misuse of funds and improving transparency.
Around 15% of Polkadot’s inflation is directed toward ecosystem projects, and the tighter review process is expected to ensure those funds are spent more effectively.
However, not everyone welcomes the development. Some community members see the Foundation’s stronger role as a step away from the decentralized ethos that Polkadot champions.
Native stablecoin proposal on the table
In parallel, a major vote has opened on the RFC-155 proposal, a proposal authored by Bryan Chen, which seeks to introduce pUSD, a native overcollateralized stablecoin backed exclusively by DOT and powered by the Honzon protocol.
This protocol was previously used to run Acala’s aUSD but is now being revisited as a Polkadot-first solution.
The proposal envisions pUSD becoming the native stablecoin on the Polkadot Asset Hub, reducing the ecosystem’s dependence on third-party issuers like Tether and Circle.
Supporters argue that pUSD could unlock new utility for DOT, allowing users to borrow without selling their tokens and enabling treasury operations to settle payments in a stable currency.
The design also includes a savings module that would let holders lock pUSD to earn interest funded by stability fees, creating a demand-side incentive to maintain the peg.
Critics, however, note the political and competitive implications. A system-issued stablecoin could be perceived as a threat to parachain-based projects like Hydration’s Hollar or to centralized stablecoins already dominant in the ecosystem.
Polkadot price outlook: eyes on $4.42
For now, Polkadot is riding a mix of ETF optimism, technical strength, and governance reforms that have given the market reason to pay attention.
The ETF decision deadline in November is emerging as a key moment, with approval likely to trigger a new wave of institutional inflows.
At the same time, the outcome of the pUSD vote could reshape Polkadot’s position within the stablecoin landscape.
The near-term question for traders remains technical: can DOT hold above $4.28 and challenge $4.42?
Well, with the market sentiment improving and structural changes underway, the answer may decide whether Polkadot’s current rally proves short-lived or the beginning of a larger trend.
The post Polkadot breaks out: ETF odds surge and pUSD stablecoin vote opens, eyes on $4.42 appeared first on Invezz
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Polkadot breaks out: ETF odds surge and pUSD stablecoin vote opens, eyes on $4.42
Oct, 02, 2025
4 min read
by Charles Thuo
for Invezz
Polkadot (DOT) has shown renewed strength in recent days, breaking above key resistance levels and drawing attention from multiple fronts.
A combination of rising expectations for a US-listed Polkadot exchange-traded fund (ETF), governance shifts, and a fresh proposal for a native stablecoin has pushed DOT into the spotlight.
Traders are now watching closely to see if the cryptocurrency can hold its ground above $4.28 and make a run toward $4.42.
Polkadot ETF approval odds rise
One of the clearest drivers of Polkadot’s recent momentum has been progress on the ETF front.
The 21Shares Polkadot ETF, trading under the ticker TDOT, was recently added to the Depository Trust & Clearing Corporation’s (DTCC) National Securities Clearing Corporation list.
21Shares Polkadot ETF (TDOT) and 21Shares Sui ETF (TSUI) have been listed on the DTCC website. This listing is part of the standard preparation process for launching new ETFs and does not indicate that the products have received any regulatory approval or completed other approval
However, this listing does not mean the fund is approved to trade, but it signals that the groundwork for settlement and trading is already in place.
Analysts at Bloomberg and other outlets have given Polkadot’s ETF strong odds of approval, with approval chances estimated at around 90% by November 2025.
That approval would mark a turning point by opening the door for institutional capital through regulated investment vehicles.
The ETF optimism has also spilled over into the broader market, with Sui and Solana-linked funds making similar progress.
While Solana is widely expected to be the first in line, Polkadot’s presence on the DTCC list underscores the growing seriousness with which institutions are treating the ecosystem.
Technical breakout sparks trader interest
Alongside institutional news, DOT has delivered a decisive technical breakout.
On October 1, the token surged past the $4.11 resistance level on a wave of trading volume five times above its average.
The breakout invalidated a long-term descending trendline that had held DOT back for nearly two years.
Furthermore, technical indicators remain supportive, with the Relative Strength Index (RSI) sitting at a neutral 52.18, suggesting there is still room for upward movement before overbought conditions emerge.
Going by the current market momentum, the altcoin should hold above $4.28 for a bullish confirmation, with the next immediate resistance sitting at $4.42, a level that could trigger further upside if broken convincingly.
Polkadot governance reforms stir debate
Beyond the market action, Polkadot’s governance has been undergoing changes.
The Web3 Foundation recently introduced stricter oversight of treasury proposals, an effort aimed at reducing misuse of funds and improving transparency.
Around 15% of Polkadot’s inflation is directed toward ecosystem projects, and the tighter review process is expected to ensure those funds are spent more effectively.
However, not everyone welcomes the development. Some community members see the Foundation’s stronger role as a step away from the decentralized ethos that Polkadot champions.
Native stablecoin proposal on the table
In parallel, a major vote has opened on the RFC-155 proposal, a proposal authored by Bryan Chen, which seeks to introduce pUSD, a native overcollateralized stablecoin backed exclusively by DOT and powered by the Honzon protocol.
This protocol was previously used to run Acala’s aUSD but is now being revisited as a Polkadot-first solution.
The proposal envisions pUSD becoming the native stablecoin on the Polkadot Asset Hub, reducing the ecosystem’s dependence on third-party issuers like Tether and Circle.
Supporters argue that pUSD could unlock new utility for DOT, allowing users to borrow without selling their tokens and enabling treasury operations to settle payments in a stable currency.
The design also includes a savings module that would let holders lock pUSD to earn interest funded by stability fees, creating a demand-side incentive to maintain the peg.
Critics, however, note the political and competitive implications. A system-issued stablecoin could be perceived as a threat to parachain-based projects like Hydration’s Hollar or to centralized stablecoins already dominant in the ecosystem.
Polkadot price outlook: eyes on $4.42
For now, Polkadot is riding a mix of ETF optimism, technical strength, and governance reforms that have given the market reason to pay attention.
The ETF decision deadline in November is emerging as a key moment, with approval likely to trigger a new wave of institutional inflows.
At the same time, the outcome of the pUSD vote could reshape Polkadot’s position within the stablecoin landscape.
The near-term question for traders remains technical: can DOT hold above $4.28 and challenge $4.42?
Well, with the market sentiment improving and structural changes underway, the answer may decide whether Polkadot’s current rally proves short-lived or the beginning of a larger trend.
The post Polkadot breaks out: ETF odds surge and pUSD stablecoin vote opens, eyes on $4.42 appeared first on Invezz
Read More
Discover How Hyperliquid Dominates Perpetual Futures Market
Hyperliquid leads in perpetual futures open position with 62% market share. HIP-3 int...
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