6 hours ago
Nasdaq officially asked the U.S. Securities and Exchange Commission (SEC) to let Swiss plus manager 21Shares database and commercialized shares of a polkadot (DOT) exchange-traded money (ETF).
The speech submitted a 19b-4 filing to the SEC, asking for support to database the ETF if it is approved by the regulator.
The projected money would way the spot terms of DOT, the autochthonal cryptocurrency of the Polkadot network. The filing follows an amended S-1 signifier submitted by 21Shares earlier this year, marking different measurement successful the firm’s propulsion to bring much crypto concern products to the market.
21Shares is besides seeking regulatory support for funds linked to XRP and solana's SOL. The institution precocious announced it’s acceptable to liquidate 2 actively managed crypto ETFs amid the marketplace downturn.
Grayscale Investments, a crypto asset-management company, has besides filed with the SEC to launch a Polkadot ETF, signaling broader involvement successful the asset.
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