21Shares Seeks SEC Approval for Pioneering Polkadot Spot ETF, Targeting DOT Investors

On February 1st, renowned digital asset firm 21Shares took a significant step by submitting a proposal to the U.S. Securities and Exchange Commission (SEC) for the establishment of a Polkadot spot Exchange-Traded Fund (ETF). This initiative marks a pioneering move in the cryptocurrency space, as the proposed fund aims to operate under the 21Shares Polkadot Trust, making it the first of its kind devoted exclusively to Polkadot’s native token, DOT. The ETF is anticipated to debut on the Cboe BZX Exchange and will meticulously track the price movements of DOT. Importantly, the assets associated with this ETF will be securely managed by Coinbase Custody Company, LLC. In a related development, Tuttle Capital has also sought approval for the launch of 10 leveraged cryptocurrency ETFs, notably one focusing on Polkadot, further demonstrating growing institutional interest in the crypto market.