21Shares files for a spot Polkadot ETF, marking a first as it looks to get the US SEC signoff

Quick Take

  • The firm filed a registration statement with the agency on Friday for the 21Shares Polkadot Trust.
  • The ETF would trade on the Cboe BZX Exchange and would track the performance of DOT, the native token for the Polkadot Network.

Exchange-traded fund-focused firm 21Shares has filed for a spot Polkadot ETF in a bid to get the U.S. Securities and Exchange Commission's greenlight.

The firm filed a registration statement with the agency on Friday for the 21Shares Polkadot Trust, marking the first of its kind. It would trade on the Cboe BZX Exchange, Inc. and would track the performance of DOT, the native token for the Polkadot Network. Coinbase Custody Company, LLC will custody its DOT, according to the statement. 

Earlier this week, Tuttle Capital filed for 10 leveraged crypto ETFs, including one tracking Polkadot. 

Several firms have filed to list new crypto products in the U.S. amid an expected change in regulatory outlook under the Trump administration. Former SEC Chair Gary Gensler was hesitant to approve spot bitcoin ETF trading, for instance, but following a court order later approved them. A few months after spot bitcoin ETF approvals, the agency also greenlit spot Ethereum ETFs. 


Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

TAGS
SEC

About Author

Sarah is a reporter at The Block covering policy, regulation and legal happenings. Before, Sarah was a reporter with CQ Legal writing about securities regulation, which is where she first started reporting on crypto. Sarah has also written for The Bond Buyer and American Banker, among other finance-related publications. She graduated from the University of Missouri and earned a degree in print and digital journalism. Sarah is based in Washington D.C., and is an avid coffee lover. You can follow her on Twitter @ForTheWynn.

Editor

To contact the editor of this story:
Daniel Kuhn at
[email protected]

WHO WE ARE

The Block is a news provider that strives to be the first and final word on digital assets news, research, and data.

+ Follow us on Google News
Connect with the block on