Grayscale Files for Polkadot ETF with SEC for Review
Grayscale Investments is pursuing a new ETF focused on Polkadot's DOT token, alongside its ongoing efforts to launch ETFs for XRP and Cardano.
- Nasdaq has submitted a Form 19b-4 application to the SEC to list shares of the Grayscale Polkadot Trust.
- The SEC has a 45-day review period to approve or deny the application or extend the review timeframe.
- Grayscale also filed to convert its XRP Trust into an ETF and to list a spot Cardano ETF recently.
- This comes as the SEC adopts a more favorable stance towards the digital asset industry.
- 21Shares has also filed for a spot Polkadot ETF with the SEC.
- Currently, Polkadot’s DOT is trading at $4.4, down 6.7% in the last 24 hours due to a general market downturn.