Nasdaq has filed Form 19b-4 with the U.S. Securities and Exchange Commission (SEC), in search of approval to record 21Shares’ spot Polkadot ETF. This transfer would permit traders to realize publicity to Polkadot’s native cryptocurrency, DOT, with out straight holding the asset.
Nasdaq Files 19b-4 For 21Shares Polkadot ETF
According to a latest submitting, Nasdaq has filed Form 19b-4 for a spot Polkadot ETF on behalf of 21Shares. The proposed ETF will observe the spot value of Polkadot’s DOT token, the twenty seventh largest cryptocurrency by market capitalization.
The submitting follows 21Shares’ earlier submission of an S-1 modification, wherein the corporate detailed its plan to offer a regulated funding automobile for digital asset publicity.
As the sponsor of the fund, 21Shares goals to offer a safe and accessible means for traders to take part within the progress of Polkadot with out the necessity for direct possession of DOT. In addition to the Polkadot ETF, the corporate is in search of approval for different ETFs associated to digital property equivalent to Solana and XRP.
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Kelvin Munene Murithi
Kelvin is a distinguished author with experience in crypto and finance, holding a Bachelor’s diploma in Actuarial Science. Known for his incisive evaluation and insightful content material, he possesses a robust command of English and excels in conducting thorough analysis and delivering well timed cryptocurrency market updates.
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