Will The DOT Rise? Polkadot Price Anticipation Heats Up With ETF Talk

The winds of change might be blowing for Polkadot (DOT), a popular blockchain network for connecting different blockchains. After a rough couple of months marked by a nearly 50% price decline from its April peak, DOT is exhibiting signs of a potential resurgence. This positive outlook stems from a confluence of three key factors: whispers of a DOT-focused exchange-traded fund (ETF) on Coinbase, a bullish technical chart pattern, and healthy levels of liquidity in the market. Related Reading: $2.4 Billion Worth Of Bitcoin Exit The Network As Bear Market Bites ETF Buzz Ignites Investor Interest News broke earlier this week that crypto researcher 0xNoble revealed on a social media platform that Coinbase might be harboring secret plans for a DOT ETF. The rumor suggests the cryptocurrency exchange is in the initial stages of applying for the ETF, with the first approval hurdle anticipated on July 15th. This news comes on the heels of Coinbase’s significant move on June 28th, where they filed applications for DOT Futures Contracts, a Futures ETF, and a Spot ETF. Coinbase is secretly applying for $DOT ETF

Jul 8, 2024 - 14:00

Will The DOT Rise? Polkadot Price Anticipation Heats Up With ETF Talk

The winds of change might be blowing for Polkadot (DOT), a popular blockchain network for connecting different blockchains. After a rough couple of months marked by a nearly 50% price decline from its April peak, DOT is exhibiting signs of a potential resurgence.

This positive outlook stems from a confluence of three key factors: whispers of a DOT-focused exchange-traded fund (ETF) on Coinbase, a bullish technical chart pattern, and healthy levels of liquidity in the market.

ETF Buzz Ignites Investor Interest

News broke earlier this week that crypto researcher 0xNoble revealed on a social media platform that Coinbase might be harboring secret plans for a DOT ETF. The rumor suggests the cryptocurrency exchange is in the initial stages of applying for the ETF, with the first approval hurdle anticipated on July 15th.

This news comes on the heels of Coinbase’s significant move on June 28th, where they filed applications for DOT Futures Contracts, a Futures ETF, and a Spot ETF.