21Shares Pushes Ahead With Polkadot ETF as Nasdaq Seeks SEC Approval
Nasdaq has formally requested approval from the U.S. Securities and Exchange Commission (SEC) to list and trade shares of a Polkadot (DOT) exchange-traded fund (ETF) proposed by Swiss asset manager 21Shares.
In a 19b-4 filing, the exchange outlined plans to offer investors direct exposure to DOT’s spot price, pending regulatory approval. This move follows an amended S-1 form submitted by 21Shares earlier this year, signaling its broader ambitions in the crypto ETF market.
The firm is also pursuing SEC approval for additional crypto ETFs, including those linked to XRP and Solana (SOL). However, the company recently announced the shutdown of two actively managed funds due to challenging market conditions.
The growing interest in DOT ETFs isn’t limited to 21Shares—Grayscale Investments has also filed for a similar product, highlighting increasing demand for Polkadot-based investment vehicles.
