Nasdaq Moves Forward With Listing Approval Filing for 21Shares Polkadot ETF

Nasdaq Pushes for SEC Approval on 21Shares’ Polkadot ETF Amid Crypto ETF Expansion

As part of its expanding suite of crypto investment products, 21Shares is moving forward with an ETF tied to Polkadot (DOT), with Nasdaq formally requesting regulatory approval.

On Monday, Nasdaq submitted a 19b-4 filing to the U.S. Securities and Exchange Commission (SEC), seeking authorization to list and trade shares of the proposed Polkadot ETF by 21Shares.

The fund is designed to track the spot price of DOT, the native token of the Polkadot network, and follows an amended S-1 form submitted by 21Shares earlier this year. The Swiss asset manager has been actively working to bring more cryptocurrency-related investment products to market.

Beyond Polkadot, 21Shares is also pursuing ETF approvals for XRP and Solana (SOL), even as it recently announced the closure of two actively managed crypto ETFs due to challenging market conditions.

Grayscale Investments has also entered the race, filing its own application for a Polkadot ETF, signaling increasing institutional interest in the asset.