21Shares has resubmitted its S-1 application for a Polkadot (DOT) spot ETF to the U.S. Securities and Exchange Commission (SEC).The updated filing, dated March 6, follows the initial submission on January 31. This revision might address SEC feedback or provide extra details.
21Shares joins Grayscale,which filed for a similar ETF on February 25 via nasdaq. Both filings reflect a growing trend of asset managers seeking SEC approval for crypto etfs. 21Shares has also filed for ETFs on Ripple (XRP) and Solana (SOL).
Meanwhile, DOT’s price action is noteworthy. It seems to have formed a falling wedge pattern, a bullish sign.If DOT breaks above $10, it could confirm a breakout.Though, if it falls below $4, the pattern might potentially be invalidated.
Polkadot 2.0, a major upgrade, is set for Q1 this year. This could boost DOT’s price. An early testnet version is already on the Kusama network,allowing users to test new features.
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