Grayscale Investments, a Crypto Asset-Management company that wants to add XRP and Cardano Exchange-Traded Funds to its offers, now also starts the route for a ETF investment in Polkadots Dot-token.

Nasdaq has submitted a formal form 19B-4 request to the US Securities and Exchange Commission (SEC) about listing and trading shares in Grayscale Polkadot Trust (DOT). The filing starts a 45-day transmission period for the regulator to recognize the archiving. The regulator may approve or reject the application or extend the review period.

In recent weeks, Grayscale, which already offers Bitcoin and Ether ETFs, has filed for SEC to convert its XRP confidence to a stock exchange fund and submitted to list a spot carano ETF. These archives come as the SEC turns to a more friendly approach to the digital asset industry under the Trump administration after recently dropping several crypto-related studies, including against Robinhood and non-fun token Market Square OpenSea.

Grayscale has never offered an independent polkadot product. The filing sees it joins the Crypto Asset Manager 21Shares, who also filed a spot polkadot ETF with SEC late last month.

At the time of trade in trade, polkadot is at $ 4.4 after losing 6.7% of its value in the last 24-hour period in the midst of a wider cryptocurrency market’s downturn.