Polkadot ETF Gains Momentum with 21Shares and Nasdaq Collaboration
by aria-crypto.com
March 18, 2025 at 15:49
Polkadot ETF Gains Momentum with 21Shares and Nasdaq Collaboration
Nasdaq has progressed in the crypto ETF landscape by submitting a request to the U.S. Securities and Exchange Commission (SEC), aiming to approve the listing of a Polkadot ETF managed by Swiss asset manager 21Shares. This ETF, if approved, would allow investors to trade shares that directly track the spot price of Polkadot's native currency, DOT. The submission follows a recently amended S-1 form earlier this year by 21Shares, part of a broader strategy to introduce more cryptocurrency-based investment products. Additionally, 21Shares is seeking to launch ETFs focused on other cryptocurrencies like XRP and Solana’s SOL, despite announcing the liquidation of two actively managed crypto ETFs due to the market's recent downturns. The move by Grayscale Investments to also file for a Polkadot ETF indicates growing interest in this cryptocurrency among asset managers.
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