Key dealers
- 21Shares has applied for a Polkadot ETF to Sec and aims to list shares that track DOT’s price on the CBOE BZX exchange.
- This marks the second Polkadot ETF archiving this week after Tuttle Capital’s utilized 2x Dot ETF proposal.
21 Shares has submitted An S-1 registration to Securities and Exchange Commission for a Polkadot ETF, which aims to list shares on CBOE BZX Exchange.
The proposed 21Shares Polkadot Trust will track the company’s existing Polkadot Trust and use CME CF Polkadot-Dollar’s reference rate to monitor Dot prices, with Coinbase Custody which acts as custodian.
The fund will maintain a passive investment strategy and avoid leverage, derivatives and active trade.
This archiving follows Tuttle Capital Management’s proposal earlier this week for an exploited 2x Polkadot ETF, part of a wider submission for 10 leverage scrappo -etfs.
However, ETF -analyst Eric Balchunas confirmed in a post At X, Tuttle Capital withdrew his archiving for all his 2x -heaves ETFs.
Balchunas noted that such withdrawals usually occur when the supervisory authorities signal concern for issuers. He also emphasized that Trump and Dogecoin ETF applications from Rex have not been withdrawn, which indicates early indications of where the SEC can draw the line.
Tuttle Capital Management’s utilized 2x ETF submission included assets such as Polkadot, XRP, Solana, Litecoin, Cardano, Chainlink, BNB, Bonk, Trump and Melania Tokens.
Polkadot’s native token Dot increased by 3% in reaction to the ETF archiving and reached an altitude of $ 6.42 before settling at $ 6.35 at press time. The market ceiling is currently $ 9.4 billion.
Digital asset currently deals 88% below its peak in November 2021 at $ 55, when it reached a market value of $ 55 billion.
21 Share’s latest application is based on their earlier attempts to expand its crypto investments in the United States, including Solana and XRP ETFs submitted in 2024, and most recentlyA redemption of redemption for Bitcoin and Ethereum.
