Nasdaq formally requested the U.S. Securities and Change Fee for permission to record a 21Shares Polkadot ETF.
Nasdaq filed formal paperwork with the SEC to permit the buying and selling of a Polkadot (DOT) exchange-traded fund issued by wealth supervisor 21Shares.
The 19b-4 doc filed by Nasdaq, in any other case generally known as a proposal for rule change, represents the second half of a normal ETF submitting with the SEC.
Earlier this yr, 21Shares submitted a spot DOT ETF submitting and up to date its S-1 utility on March 7. The S-1 type known as a registration of securities and is usually one of many first steps in bringing a brand new ETF to market.
A number of points have examined the waters with crypto ETF filings underneath President Donald Trump’s new pro-digital asset administration. 21Shares additionally stuffed for ETFs monitoring different altcoins like Solana (SOL) and (XRP). Grayscale bid for a spot DOT product additionally, whereas Canary Capital is looking for a SUI ETF which may be the primary of its type.
