What You Should Know
- Nasdaq has filed with the SEC to list a Polkadot ETF on behalf of 21Shares.
- 21Shares is expanding its crypto ETF options, including offerings tied to XRP and Solana, and is working on an ether staking proposal.
Nasdaq has officially submitted a request to the U.S. Securities and Exchange Commission (SEC) for authorization to list and trade shares of a Polkadot exchange-traded fund (ETF) managed by Swiss asset manager 21Shares. This filing follows the firm’s earlier submissions aimed at broadening its range of cryptocurrency investment products.
The proposed fund will attempt to track the spot price of DOT, the native token for the Polkadot network. The filing aligns with 21Shares’ strategy to increase its presence in the ETF market.
21Shares is additionally pursuing approval for ETFs linked to other cryptocurrencies such as XRP and Solana (SOL). Recently, the firm announced plans to discontinue two actively managed crypto ETFs due to challenging market conditions.
Furthermore, Grayscale Investments, another player in the cryptocurrency asset management space, has also filed for a Polkadot ETF with the SEC, reflecting increasing interest in this asset class.
