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21shares registered a trust successful Delaware on Dec. 19, called the 21Shares Polkadot Trust, for a imaginable exchange-traded merchandise indexed to Polkadot (DOT).
As of property time, 21shares has not spoken publically astir the filing.
DOT is the 20th largest crypto, priced astatine $7.07 and boasting a marketplace headdress of astir $10.8 cardinal arsenic of property time.
This is 21Shares’ latest effort successful the crypto-related exchange-traded products (ETP) sector. In summation to its Bitcoin (BTC) and Ethereum (ETH) spot exchange-traded funds (ETF) successful the US, the steadfast filed for spot Solana (SOL) and XRP ETFs and an Injective (INJ) ETP this year.
‘New wave’ of crypto ETFs
Bloomberg ETF analysts Eric Balchunas and James Seyffart already expected a caller question of crypto ETP filings, though lone adjacent year.
According to their predictions, BTC-ETH mixed scale would beryllium the archetypal caller ETPs approved, portion Litecoin (LTC) and Hedera Hashgraph (HBAR) would travel later.
Solana and XRP ETFs, connected the different hand, person uncertain outcomes arsenic their regulatory presumption is unclear.
The caller filings, including a Hedera (HBAR) ETF filed by Canary Capital connected Nov. 12, effect from President-elect Donald Trump’s triumph successful the US. His notorious pro-crypto stance is making ETF issuers optimistic astir the regulatory landscape, prompting the instauration of much products.
Moreover, Paul Atkins’ information arsenic the caller US Securities and Exchange Commission (SEC) added to the crypto industry’s bullishness. Atkins is simply a known advocator for innovation and has been the co-chairman of the Digital Chamber’s Token Alliance since 2017.
The station 21shares registers Polkadot spot successful Delaware successful mentation for ETF appeared archetypal connected CryptoSlate.
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