Grayscale Proposes Polkadot ETF, Further Diversifying Its Investment Products

Grayscale Seeks SEC Approval for Polkadot ETF, Expanding Its Crypto Fund Offerings

Grayscale Investments is moving to broaden its ETF portfolio, filing for a Polkadot (DOT) exchange-traded fund following recent applications for XRP and Cardano ETFs.

A new filing with the U.S. Securities and Exchange Commission (SEC) submitted by Nasdaq requests approval to list and trade shares of the Grayscale Polkadot Trust (DOT). This kicks off a 45-day initial review period, during which the SEC may approve, deny, or extend its decision.

Grayscale has been actively pushing for more crypto-based ETFs, having already secured Bitcoin and Ethereum offerings. The company’s latest filings come at a time when the SEC, under the Trump administration, has taken a more favorable stance toward the industry. Recent developments include the regulator dropping several high-profile crypto investigations, such as those into Robinhood and NFT platform OpenSea.

While Grayscale has not previously launched a standalone Polkadot product, this filing places it in competition with crypto asset manager 21Shares, which filed for its own spot Polkadot ETF last month.

DOT is currently trading at $4.40, down 6.7% in the last 24 hours amid a broader crypto market downturn.