23 hours ago
Grayscale Investments, a crypto asset-management institution looking to adhd XRP and Cardano exchange-traded funds to its offerings, is present starting down the way for an ETF investing successful Polkadot's DOT token arsenic well.
Nasdaq has filed a ceremonial Form 19b-4 petition with the U.S. Securities and Exchange Commission (SEC) to database and commercialized shares of the Grayscale Polkadot Trust (DOT). The filing starts a 45-day reappraisal play for the regulator to admit the filing. The regulator tin approve, oregon disapprove the exertion oregon widen the reappraisal period.
In caller weeks, Grayscale, which already offers bitcoin and ether ETFs, has filed with the SEC to convert its XRP Trust into an exchange-traded fund, and filed to database a spot Cardano ETF. These filings travel arsenic the SEC pivots to a much affable attack to the integer plus manufacture nether the Trump administration, having precocious dropped galore crypto-related investigations, including against Robinhood and non-fungible token marketplace OpenSea.
Grayscale has ne'er offered a standalone Polkadot product. The filing sees it articulation crypto plus manager 21Shares, which precocious past period filed to list a spot Polkadot ETF with the SEC arsenic well.
Polkadot’s DOT is astatine the clip of penning trading astatine $4.4 aft losing 6.7% of its worth successful the past 24-hour play amid a wider cryptocurrency marketplace downturn.
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