21Shares Moves Forward With Polkadot ETF as Nasdaq Seeks SEC Approval
The move aligns with 21Shares’ broader push to expand its crypto ETF lineup, which includes proposed funds for XRP and Solana.
Nasdaq has formally petitioned the U.S. Securities and Exchange Commission (SEC) to approve the listing and trading of shares for a Polkadot (DOT) exchange-traded fund (ETF) managed by Swiss asset firm 21Shares.
The exchange submitted a 19b-4 filing requesting approval to list the ETF, contingent on regulatory authorization.
Designed to track the spot price of DOT, Polkadot’s native cryptocurrency, the proposed ETF follows an amended S-1 filing that 21Shares submitted earlier this year. This marks another step in the firm’s efforts to expand its lineup of crypto investment products.
Alongside its Polkadot ETF application, 21Shares is also seeking regulatory approval for XRP and Solana (SOL) ETFs. Meanwhile, the firm recently announced the liquidation of two actively managed crypto ETFs amid challenging market conditions.
Grayscale Investments has also filed for a Polkadot ETF, highlighting growing institutional interest in the asset.
