21Shares Polkadot (DOT) ETF plan progresses when NASDAQ files for listing approval

NASDAQ officially asked the US Securities and Exchange Commission (SEC) to give Swiss Asset Manager 21Shares List and Trade Shares in a Polkadot (DOT) Exchange-Traded Fund (ETF).

The exchange submitted an archiving of 19B-4 to SEC and asked for permission to list ETF whether it was approved by the regulator.

The proposed fund tracks the spot price for DOT, the original cryptocurrency of the polkadot network. The filing follows a changed S-1 form submitted by 21Shares earlier this year, marking another step in the company’s push to bring more cryptoin-investing products to the market.

21Shares is also seeking regulatory approval of funds linked to XRP and Solana’s sun. The company recently announced that it is set to liquidate two actively managed Crypto ETFs in the middle of the market.

Grayscale Investments, a Crypto Asset-Management Company, has also submitted to SEC to launch a polkadot ETF that signalizes broader interest in the asset.

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