21Shares Files for Polkadot ETF Amidst Market Activity
- 21Shares filed for a Polkadot ETF with the SEC to list shares tracking DOT’s price on Cboe BZX Exchange.
- This is the second Polkadot ETF filing this week, following Tuttle Capital’s proposal for a leveraged 2x DOT ETF.
- Tuttle Capital withdrew its filing for all leveraged ETFs after regulatory concerns were signaled.
- Polkadot’s token, DOT, surged by 3%, reaching $6.42 before settling at $6.35.
- DOT’s market cap is currently $9.4 billion, down from its peak of $55 billion in November 2021.
The recent filing by 21Shares marks the second attempt to establish a Polkadot-focused ETF this week, following Tuttle Capital’s withdrawn proposal amidst regulatory scrutiny. DOT experienced a price increase in response to these developments.
Source (2.6)https://cryptobriefing.com/polkadot-etf-filings/?rand=59535
