Polkadot [DOT] fell below $0.80 as sellers erased another part of the token’s early-August recovery.
The weakness comes after Grayscale abandoned plans for its proposed Polkadot Trust ETF, with the decision removing a potential US-listed investment product for DOT. Although, before the withdrawal, the token was already losing ground, according to analysis of its price chart.
Grayscale walks away from Polkadot ETF
Grayscale submitted its withdrawal request to the US Securities and Exchange Commission on August 7, saying it was not continuing with the planned distribution of the trust’s shares.
Its registration statement had been active since August 2025, but the product never reached the market, and the latest filing provides no reason for the decision.
Importantly, the SEC did not reject the ETF, but it was Grayscale that chose to withdraw its registration before any shares were issued or sold.
The company also withdrew some other proposed products within minutes of the Polkadot filing, making it difficult to see the move as a negative judgement on DOT.
But with this move, Polkadot loses a possible route for investors seeking exposure through a regulated US-listed product, and whether another issuer eventually pursues a DOT ETF remains unclear.
Can Polkadot price recover above $0.80?
DOT traded near $0.774 on August 13 after its latest rebound was unable to move beyond $0.87.
The token has now dropped below $0.79–$0.80, an area that previously helped buyers contain declines, but as it is unable to hold that level, it leaves the recovery looking increasingly shaky.
There was an increase in trading activity picked up when DOT turned lower in early August. On-Balance Volume has also continued to fall, suggesting buying interest has weakened alongside the price.
The next area to watch is around $0.75. Buyers defending that level could give DOT another opportunity to challenge $0.80, and a break below it would instead put $0.70 back in view.
Even a return above $0.80 would only be an early improvement, but DOT would still need to overcome $0.86–$0.90, where its witnessed a sell-off, before the broader recovery becomes more convincing.
Final Summary
- Grayscale voluntarily withdrew its proposed Polkadot ETF alongside other planned crypto products.
- DOT has lost $0.80, making $0.75 important for preventing another move towards $0.70.
