front pagePolicy supervision21Shares Seeks SEC Approval to Trade Spot Polkadot ETF

21Shares Seeks SEC Approval to Trade Spot Polkadot ETF

Published on

spot_img

Yerevan (CoinChapter.com) - 21Shares has filed an application with the U.S. Securities and Exchange Commission (SEC) for a Polkadot spot exchange-traded fund (ETF). According to the application on January 31, the 21Shares Polkadot Trust aims to be listed on the Cboe BZX exchange, and Coinbase will act as the custodian of Polkadot (DOT).


This marks another attempt by an asset management company to introduce a cryptocurrency ETF in the U.S. Previously, in February 2021, 21Shares launched the Polkadot ETP on the Swiss SIX Exchange, providing European investors with exposure to DOT.

Polkadot ETF faces market uncertainty
Polkadot (DOT) is currently the 18th largest cryptocurrency by market cap. However, its price has declined in recent months. According to CoinMarketCap, DOT’s value has fallen by 5.16% in the past 12 months and by 10.48% in the past month.


As of publishing time, Polkadot is trading at $6.42. The SEC filing highlights the uncertainty of Polkadot’s price performance, stating:

“There is no guarantee that DOT will maintain its value in the long or medium term. If the price of DOT declines, the Sponsor expects the value of the Shares to decline accordingly.”

Market demand for spot Polkadot ETFs is unclear
Bloomberg analyst James Seyffart commented on the potential demand for a spot Polkadot ETF, noting that the market will ultimately determine its success.

“The market will decide where the value is and whether it’s worth launching a product like this. If no one invests in the Polkadot ETF, it will shut down. People are free to launch any ETF that is approved by the SEC.”
Seifhat said in a January 31 article.

Polkadot’s Security Classification and Regulatory Risks
The application outlines potential risks associated with Polkadot’s legal status. If the SEC classifies DOT as a security, the regulatory environment could change. In addition, the increase in the circulating supply of DOT could affect the performance of the ETF.
The Web3 Foundation, which supports Polkadot, has previously addressed this issue. The foundation stated in February 2023 that DOT is not a security. It also emphasized that it has taken steps to fairly distribute DOT to prevent any single entity from controlling too much. The foundation further stated that it has rejected investments from venture capital firms that are only interested in financial returns.

The 21Shares Polkadot ETF application is still awaiting a response from the SEC after SEC Chairman Gary Gensler resigned on January 20. The number of applications for cryptocurrency ETFs continues to increase. Most recently, the SEC approved Bitwise Asset Management's ETF, which will track the prices of both Bitcoin (BTC) and Ethereum (ETH).

Latest Articles

Hedera价格预测:是否会飙升至8美元?随着Lightchain AI吸引主要投资者,市场展望乐观

Hedera价格预测显示,它可能会飙升至8美元,围绕该项目的看涨前景正在逐渐形成。随着Hedera的势头增强,Lightchain AI也在吸引重要投资者,已经在预售阶段以0.006美元的价格筹集了超...

卡尔达诺触发重大买入信号,FXGuys预售目标在2025年第三季度达到1000万美元

Cardano(ADA)发出明确的买入信号,激励交易者和机构支持者 ADA似乎有可能因更高的资金流入和积极的技术信号而上涨。然而,随着Cardano的发展,FXGuys的第三阶段预售突破450万美元...

帕维尔·杜罗夫获准离开法国,正值法律纠纷期间

YEREVAN (CoinChapter.com) — Telegram创始人帕维尔·杜罗夫(Pavel Durov)在2025年3月13日获得法国法院批准后,离开法国并前往迪拜。他的离开紧随2024...

这一区块链突破能否比Solana更快地带来20倍收益?

这种区块链突破能否带来比Solana更快的20倍收益?Lightchain AI 已经通过预售筹集了超过 1720 万美元,预售价格为 0.006 美元,并且将自己定位为加密领域最有前景的项目之一。凭...

More Articles

Hedera价格预测:是否会飙升至8美元?随着Lightchain AI吸引主要投资者,市场展望乐观

Hedera价格预测显示,它可能会飙升至8美元,围绕该项目的看涨前景正在逐渐形成。随着Hedera的势头增强,Lightchain AI也在吸引重要投资者,已经在预售阶段以0.006美元的价格筹集了超...

卡尔达诺触发重大买入信号,FXGuys预售目标在2025年第三季度达到1000万美元

Cardano(ADA)发出明确的买入信号,激励交易者和机构支持者 ADA似乎有可能因更高的资金流入和积极的技术信号而上涨。然而,随着Cardano的发展,FXGuys的第三阶段预售突破450万美元...

帕维尔·杜罗夫获准离开法国,正值法律纠纷期间

YEREVAN (CoinChapter.com) — Telegram创始人帕维尔·杜罗夫(Pavel Durov)在2025年3月13日获得法国法院批准后,离开法国并前往迪拜。他的离开紧随2024...
en_GBEnglish