Polkadot ETF Coming Soon? Nasdaq Authorizes Proposal for 21Shares!

Jakarta, Pintu News – Nasdaq has taken a major step by applying to the US Securities and Exchange Commission (SEC) to list the Polkadot ETF (DOT) managed by 21Shares. This initiative marks a new phase in integrating cryptocurrencies with mainstream financial markets.

The 19b-4 document filed by Nasdaq, the second part of the standard ETF filing, shows how serious Nasdaq is about expanding the scope of crypto-based financial products. Earlier in the year, 21Shares had filed a spot DOT ETF filing and updated their S-1 application on March 7.

Form S-1, known as securities registration, is the first step in bringing a new ETF to market. This step demonstrates 21Shares’ commitment to introducing innovative products based on blockchain technology.

Crypto-based ETF Product Expansion

According to Crypto.news, in addition to Polkadot (DOT), 21Shares has proposed ETFs that track other cryptos, such as Solana (SOL) and Ripple (XRP). These initiatives show increased interest and diversification in the products offered to investors.

With the new administration under President Donald Trump favouring digital assets, the opportunity for crypto-based ETFs is wide open. Grayscale, one of the big players in the crypto market, has also filed for a spot DOT product.

Meanwhile, Canary Capital is seeking approval for an SUI ETF, which, if approved, would be the first of its kind. These moves show that the crypto ETF market is developing rapidly, providing more options for investors to engage in the crypto market through more traditional instruments.

Also read: Coinbase Presents Verified Liquidity Pool for Secure Transactions!

Crypto ETF Prospects and Challenges

Despite the great enthusiasm, crypto ETF filings still face several regulatory and market challenges. Given the volatility and security issues associated with digital assets, the SEC has shown caution in approving crypto-based ETFs.

However, with policy changes and improved security infrastructure, expectations for crypto ETF approval are rising. Investors and market watchers are closely monitoring this development, as crypto ETF approval could bring greater liquidity and stability to the crypto market.

It could also open the door for institutional investors seeking exposure to crypto in a more organized and secure way.

Conclusion

The initiative by Nasdaq and 21Shares in proposing the Polka dot ETF (DOT) shows that the crypto market continues to evolve and mature. With support from regulators and continuous innovation, crypto-based ETFs may soon become an important part of many people’s investment portfolios.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto News. Nasdaq Files Polkadot ETF on Behalf of 21Shares. Accessed on March 20, 2025
• Featured Image: Blockchain News