Grayscale Moves to Launch Polkadot ETF, Broadening Its Institutional Crypto Offerings

Grayscale Seeks Approval for Polkadot ETF as Crypto Fund Expansion Continues

Grayscale Investments has taken another step in broadening its crypto ETF lineup, filing to launch a Polkadot (DOT) exchange-traded fund. The move follows its recent applications for XRP and Cardano ETFs as the SEC adopts a more accommodating stance toward digital assets.

Nasdaq has submitted a Form 19b-4 to the U.S. Securities and Exchange Commission (SEC) to list the Grayscale Polkadot Trust (DOT) as an ETF. The SEC now has 45 days to respond, with the possibility of extending the review period if necessary.

This latest filing comes amid a wave of regulatory shifts favoring crypto under the Trump administration, with the SEC recently dropping multiple investigations, including those against Robinhood and OpenSea. Grayscale, which already operates Bitcoin and Ethereum ETFs, aims to capitalize on this changing landscape by expanding its offerings.

If approved, the Polkadot ETF would compete with a similar product proposed by asset manager 21Shares, which filed for a spot DOT ETF last month.

Polkadot’s DOT is currently trading at $4.40, reflecting a 6.7% decline in the past 24 hours as the broader crypto market experiences a downturn.