Nasdaq has taken a significant step towards bringing a Polkadot (DOT) ETF to the market. The exchange has officially requested permission from the U.S. Securities and Exchange Commission (SEC) to list a DOT exchange-traded fund issued by 21Shares.
This move follows the submission of a spot DOT ETF filing by 21Shares earlier this year. The filing was updated on March 7, marking a crucial step in the ETF’s journey to market. The 19b-4 document, a proposal for rule change, is the second part of the standard ETF filing process with the SEC.
21Shares is not alone in its pursuit of crypto ETFs. The company has also filed for ETFs tracking other altcoins like Solana (SOL) and XRP. Grayscale has shown interest in a spot DOT product, while Canary Capital is seeking approval for a SUI ETF.
These filings come as the crypto industry navigates the new pro-digital asset administration under President Donald Trump.The SEC’s response to these filings will be closely watched by the crypto community.
for more facts, visit the SEC website.
