Polkadot Price Drops Below $0.80 as Grayscale Withdraws ETF Plan

Polkadot's price has dropped below $0.80 after Grayscale withdrew its proposed Polkadot Trust ETF from the US Securities and Exchange Commission.

The withdrawal of the ETF plan comes on top of an already weakening market for DOT, with a decline in buying interest and trading activity.

Although the SEC did not reject the ETF, Grayscale chose to withdraw its registration statement without providing any reason for the decision.

This move removes one potential route for investors seeking exposure to Polkadot through a regulated US-listed product, leaving its future uncertain.