Nasdaq information for Polkadot ETF on behalf of 21Shares

Nasdaq has filed Kind 19b-4 with the SEC searching for approval to listing and commerce shares of 21Shares’ spot Polkadot ETF. The proposed fund would observe the spot value of Polkadot’s native coin DOT, which at the moment ranks because the twenty seventh largest crypto asset by market cap.

The change’s submitting follows 21Shares’ S-1 modification submitted earlier this month. As of now, no particular ticker image has been formally designated for the proposed US-listed ETF.

Because the fund’s sponsor, 21Shares goals to supply traders with a regulated and accessible avenue to achieve publicity to DOT. Nonetheless, this isn’t their first product linked to the crypto asset.

The asset supervisor at the moment gives the 21Shares Polkadot ETP, which is traded beneath the ticker image ADOT on numerous European exchanges, akin to Euronext Amsterdam, Euronext Paris, XETRA, and the SIX Swiss Alternate.

The ADOT ETP is bodily backed by DOT tokens and supplies traders with a regulated technique to acquire publicity to the Polkadot community.

21Shares can be pursuing regulatory approval for ETFs linked to different digital property together with XRP and Solana (SOL).

The agency has alternatively proposed permitting its 21Shares Core Ethereum ETF to have interaction in staking, which may generate extra returns for traders. The proposal specifies that staking can be restricted to Ether owned by the Belief, avoiding delegated staking or staking as a service.

Grayscale Investments can be searching for to launch a spot Polkadot ETF.

Beforehand, Tuttle Capital Administration had proposed a leveraged 2x Polkadot ETF as a part of a broader submitting for 10 leveraged crypto ETFs, however later withdrew all its 2x leveraged ETF proposals.

DOT skilled a slight value improve following the ETF submitting information. The token’s market capitalization at the moment stands at $6.4 billion, in line with CoinGecko information.

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