21Shares Submits Spot Polkadot ETF Filing to the SEC

BlockBeats News, February 1st, 21Shares has submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch a Polkadot spot ETF for approval. The company filed a registration statement with the SEC on Friday to establish the 21Shares Polkadot Trust, which will be the first fund of its kind.

The ETF is planned to be listed on the Cboe BZX Exchange and will track the performance of the native token DOT of the Polkadot network. According to the statement, the DOT assets will be held in custody by Coinbase Custody Company, LLC.

Earlier this week, Tuttle Capital also applied to launch 10 leveraged cryptocurrency ETFs, including one that tracks Polkadot.