21Shares Files S-1 Registration for Polkadot ETF
- 21Shares announced its Polkadot ETF will not use leverage or derivatives, focusing solely on tracking the DOT price via the CME CF Polkadot-Dollar Reference Rate.
- The protocol is described as a decentralized, peer-to-peer distributed computing platform.
- Grayscale has filed for a Dogecoin Trust with the US SEC, potentially evolving into an ETF.
- The US SEC, under acting Chairman Mark Uyeda, approved its first digital currency ETF product.
- Speculation is high that newly filed crypto ETF products may receive approval following Bitwise Bitcoin and Ethereum ETFs’ success.
The 21Shares Polkadot ETF aims to track the DOT price without using leverage or derivatives. This move aligns with recent trends in crypto ETFs gaining regulatory attention and approvals in the US market.
Source (2.6)https://coingape.com/21shares-files-s-1-registration-for-polkadot-etf-with-us-sec/?rand=24432
