Markets, 21Shares, Polkadot The submitting comes as 21Shares expands its crypto ETF choices, together with funds for XRP and Solana. 

Nasdaq formally requested the U.S. Securities and Exchange Commission (SEC) to permit Swiss asset supervisor 21Shares record and commerce shares of a polkadot (DOT) exchange-traded fund (ETF).

The alternate submitted a 19b-4 submitting to the SEC, asking for permission to record the ETF whether it is accredited by the regulator.

The proposed fund would monitor the spot value of DOT, the native cryptocurrency of the Polkadot community. The submitting follows an amended S-1 kind submitted by 21Shares earlier this yr, marking one other step within the agency’s push to carry extra crypto funding merchandise to the market.

21Shares can also be in search of regulatory approval for funds linked to XRP and solana’s SOL. The firm just lately introduced it’s set to liquidate two actively managed crypto ETFs amid the market downturn.

Grayscale Investments, a crypto asset-management firm, has additionally filed with the SEC to launch a Polkadot ETF, signaling broader curiosity within the asset.

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