21Shares Files S-1 Registration With the SEC for a Polkadot ETF

21Shares has submitted an S-1 registration to the Securities and Exchange Commission for a Polkadot ETF, aiming to list shares on the Cboe BZX Exchange.

21Shares has filed an S-1 registration with the Securities and Exchange Commission (SEC) for a Polkadot (DOT) exchange-traded fund (ETF) to be listed on the Cboe BZX Exchange.The proposed 21Shares Polkadot Trust will track the firm’s existing Polkadot Trust and use the CME CF Polkadot-Dollar Reference Rate to monitor DOT prices. Coinbase Custody will serve as the custodian for the fund.The fund will passively invest in DOT and not engage in leverage, derivatives or active trading activities.This filing comes after Tuttle Capital Management filed for a 2x leveraged 2x Polkadot ETF earlier this week as part of a broader application for 10 leveraged crypto ETFs.However, ETF analyst Eric Balchunas confirmed in a post on X that Tuttle had withdrawn its filing for all of its 2x leveraged ETFs. According to Balchunas, such withdrawals usually happen when regulators express concerns to issuers. He also noted that the Trump and Dogecoin ETF filings from Rex have not been withdrawn, indicating early signs of where the SEC may be setting the limits.