Grayscale Pushes for Polkadot ETF Amid Expanding Crypto Offerings
Grayscale Investments is making another push into the crypto ETF space, filing to launch a Polkadot (DOT) exchange-traded fund. This move follows its recent applications for XRP and Cardano ETFs, aligning with the SEC’s evolving stance on digital assets.
Nasdaq has formally submitted a Form 19b-4 to the U.S. Securities and Exchange Commission (SEC) to list the Grayscale Polkadot Trust (DOT) as a tradable ETF. The SEC now has 45 days to make an initial decision, though it can extend the review period further.
Grayscale’s latest filing comes as regulators ease pressure on the crypto industry under the Trump administration. In recent months, the SEC has dropped multiple investigations, including those targeting Robinhood and OpenSea, signaling a shift in its approach to digital assets.
If approved, Grayscale’s Polkadot ETF would compete with a similar proposal from 21Shares, which also filed for a spot DOT ETF late last month.
Polkadot’s DOT is currently trading at $4.40, down 6.7% in the past 24 hours amid a broader market correction.
