Nasdaq has filed Type 19b-4 with the U.S. Securities and Trade Fee (SEC), in search of approval to listing 21Shares’ spot Polkadot ETF. This transfer would permit buyers to realize publicity to Polkadot’s native cryptocurrency, DOT, with out immediately holding the asset.
Nasdaq Information 19b-4 For 21Shares Polkadot ETF
In line with a latest submitting, Nasdaq has filed Type 19b-4 for a spot Polkadot ETF on behalf of 21Shares. The proposed ETF will monitor the spot worth of Polkadot’s DOT token, the twenty seventh largest cryptocurrency by market capitalization.
The submitting follows 21Shares’ earlier submission of an S-1 modification, through which the corporate detailed its plan to offer a regulated funding automobile for digital asset publicity.
Because the sponsor of the fund, 21Shares goals to offer a safe and accessible means for buyers to take part within the progress of Polkadot with out the necessity for direct possession of DOT. Along with the Polkadot ETF, the corporate is in search of approval for different ETFs associated to digital belongings 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. Recognized for his incisive evaluation and insightful content material, he possesses a powerful command of English and excels in conducting thorough analysis and delivering well timed cryptocurrency market updates.
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