Nasdaq has taken a notable step towards bringing a Polkadot (DOT) exchange-traded fund (ETF) to the market. The financial giant filed a 19b-4 document with the U.S. Securities and Exchange Commission (SEC). This filing is a proposal for a rule change, which is part of the standard ETF approval process.
Earlier this year, 21Shares, a wealth management firm, submitted a spot DOT ETF filing. They updated their S-1 application on March 7. An S-1 form is a registration of securities, a crucial step in launching a new ETF.
Under the new pro-digital asset administration of President Donald Trump,several entities have been exploring crypto ETFs. 21Shares has also filed for ETFs tracking other altcoins like Solana (SOL) and XRP. Grayscale and Canary capital are also in the race, with Grayscale aiming for a spot DOT product and Canary Capital seeking a SUI ETF.
The move by Nasdaq and 21Shares signals growing interest in crypto ETFs. This progress could open new investment avenues for investors interested in Polkadot and other altcoins. The ETF would allow investors to trade DOT more easily on regulated exchanges.
- 21Shares submitted a spot DOT ETF filing.
- Canary Capital is pursuing a SUI ETF, which could be a first in its category.
For more details, visit the SEC website.
