Nasdaq has officially submitted a 19b-4 filing to the SEC seeking to list 21Shares’ Polkadot ETF. Approval is pending.
21Shares Expands Crypto ETF Efforts
This Polkadot ETF filing follows 21Shares’ earlier S-1 form update, necessary before launching any ETF. The firm is actively working on multiple crypto ETFs, including those for XRP and Solana (SOL). Meanwhile, Grayscale Investments has also filed for a Polkadot ETF, indicating growing institutional interest in DOT. Additionally, 21Shares is developing a staking feature for its Core Ethereum ETF, allowing investors to earn rewards by securing the Ethereum network.
Will the SEC Approve the Polkadot ETF?
Despite growing demand for crypto ETFs, the SEC has been slow in approving them. The agency recently delayed decisions on ETFs linked to XRP, Solana, Litecoin, and Dogecoin, raising uncertainty about the timeline for a final ruling on the Polkadot ETF. Analysts predict that regulatory scrutiny over crypto-based investment products could further extend the decision-making process. However, if approved, the 21Shares Polkadot ETF would provide mainstream investors with direct exposure to DOT’s price movements through a regulated financial product.
What’s Next for the Polkadot ETF?
The crypto community and institutional investors are closely monitoring the SEC’s next move. While Nasdaq’s filing signals growing institutional adoption, the regulatory process remains unpredictable. With more asset management firms pushing for crypto ETFs, industry experts believe that approval could pave the way for broader adoption of Polkadot and other altcoins in traditional markets.
Approval of the 21Shares Polkadot ETF could be a milestone for the crypto industry, opening up DOT to a wider audience.
