The filing starts a 45-day review period for the regulator to acknowledge the filing. The regulator can approve, or disapprove the application or extend the review period.
Crypto asset-management company Grayscale is looking to add Polkadot exchange-traded funds to its offerings, according to a recent filing with the U.S. Securities and Exchange Commission (SEC).
Nasdaq filed a formal Form 19b-4 request with the SEC to list and trade shares of the Grayscale Polkadot Trust (DOT). The filing begins a 45-day review period for the regulator to acknowledge the filing. The regulator may approve or disapprove the application or extend the review period.
Grayscale, which already offers bitcoin and ether ETFs, has filed with the SEC in recent weeks to convert its XRP Trust into an exchange-traded fund and to list a spot Cardano ETF. These filings come as the SEC pivots to a more friendly approach to the digital asset industry under the Trump administration, having recently dropped numerous crypto-related investigations, including those against Robinhood and non-fungible token marketplace OpenSea.
Grayscale has never offered a standalone Polkadot product. The filing sees it join crypto asset manager 21Shares, which filed late last month to list a spot Polkadot ETF with the SEC.
Polkadot’s DOT is currently trading at $4.4, down 6.7% over the past 24 hours, as part of a broader downturn in the cryptocurrency market.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
