Nasdaq formally requested the U.S. Securities and Alternate Fee (SEC) to permit Swiss asset supervisor 21Shares listing and commerce shares of a polkadot (DOT) exchange-traded fund (ETF).
The change submitted a 19b-Four submitting to the SEC, asking for permission to listing the ETF whether it is authorised by the regulator.
The proposed fund would monitor the spot worth of DOT, the native cryptocurrency of the Polkadot community. The submitting follows an amended S-1 kind submitted by 21Shares earlier this 12 months, marking one other step within the agency’s push to deliver extra crypto funding merchandise to the market.
21Shares can be in search of regulatory approval for funds linked to XRP and solana’s SOL. The corporate 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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