21Shares files for a spot Polkadot ETF, marking a first as it looks to get the US SEC signoff
Quick Take The firm filed a registration statement with the agency on Friday for the 21Shares Polkadot Trust. The ETF would trade on the Cboe BZX Exchange and would track the performance of DOT, the native token for the Polkadot Network.
Exchange-traded fund-focused firm 21Shares has filed for a spot Polkadot ETF in a bid to get the U.S. Securities and Exchange Commission's greenlight.
The firm filed a registration statement with the agency on Friday for the 21Shares Polkadot Trust, marking the first of its kind. It would trade on the Cboe BZX Exchange, Inc. and would track the performance of DOT, the native token for the Polkadot Network. Coinbase Custody Company, LLC will custody its DOT, according to the statement.
Earlier this week, Tuttle Capital filed for 10 leveraged crypto ETFs, including one tracking Polkadot.
Several firms have filed to list new crypto products in the U.S. amid an expected change in regulatory outlook under the Trump administration. Former SEC Chair Gary Gensler was hesitant to approve spot bitcoin ETF trading, for instance, but following a court order later approved them. A few months after spot bitcoin ETF approvals , the agency also greenlit spot Ethereum ETFs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI demand drives TSMC to accelerate capacity expansion, 2nm monthly production aims for 120,000 wafers by year-end
According to reports, industry giants such as Apple, Nvidia, and AMD have collectively increased their orders by 10% to 20%, directly boosting TSMC's 2nm monthly production capacity to 120,000 wafers by the end of the year, which exceeds the previous estimate by more than 20% and brings forward the 2027 target by two years. For the first time in history, five factories will ramp up production simultaneously, and the annual compound growth rate of capacity from 2026 to 2028 will reach as high as 70%.
Long-term US Treasury Sell-off Continues! 10-Year Treasury Yield Breaks 5.2% Again, “AI Boom vs. Rising Financing Costs” Narrative Showdown Intensifies
On Monday, oil prices rose and US Treasury bonds were sold off again as former US President Donald Trump rejected Iran's latest proposal to reopen the Strait of Hormuz, heightening concerns about inflation.
Banks Have Been Earning Effortlessly from Idle Funds for Years—Will AI Agents Change Everything?
For years, banks have profited from customers' idle funds, but AI agents may be about to change this situation.
Goldman Sachs: US stocks are showing a "strong index, weak confidence" pattern; catch-up rally may become the main theme of the next phase
Goldman Sachs stated that the current U.S. stock market is showing an unusual pattern: while index performance is strong, investor confidence remains weak. This suggests that the market still has further upside potential, and stocks that previously lagged behind leading AI stocks may soon experience a catch-up rally.
Crypto prices
More
