Grayscale continues to file for new ETFs, this time for Polkadot (DOT) with Nasdaq, triggering a price surge for the DOT asset.
DOT Price Soars Following the Announcement
At the moment of writing this article, DOT is trading at $4.47, with a market cap of $6.94 billion. Earlier, DOT was trading around $4.25, and its price surged by over 2% following Grayscale's announcement.
Grayscale Files for DOT ETF
According to official reports, Grayscale has submitted a 19b-4 filing with the SEC for a DOT ETF with Nasdaq as custodian.
What is Polkadot (DOT)?
Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, besides tokens. It allows blockchains to be interoperable with each other.
Grayscale's announcement of filing a DOT ETF has sparked interest in Polkadot, reflecting in the DOT prices. It marks another step in Grayscale's expansion of its crypto ETF portfolio.
