21Shares Moves Closer to Polkadot ETF as Nasdaq Seeks SEC Green Light
Swiss asset manager 21Shares is making headway on its Polkadot (DOT) exchange-traded fund (ETF), with Nasdaq formally requesting the U.S. Securities and Exchange Commission (SEC) to approve its listing and trading.
Nasdaq submitted a 19b-4 filing to the SEC, a key regulatory step required before the ETF can launch. If approved, the fund will track DOT’s spot price, offering investors a regulated way to gain exposure to the Polkadot ecosystem.
This latest filing builds on 21Shares’ ongoing expansion in the crypto ETF space, following an amended S-1 form submitted earlier this year. The firm is also seeking approval for ETFs tied to XRP and Solana (SOL), despite recent challenges that led to the closure of two actively managed crypto funds.
Meanwhile, Grayscale Investments has also submitted an application for a Polkadot ETF, reflecting the increasing institutional demand for DOT-related investment products.
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