Polkadot ETF Incoming? Nasdaq Files to List Grayscale’s DOT Fund
The post Polkadot ETF Incoming? Nasdaq Files to List Grayscale’s DOT Fund appeared on BitcoinEthereumNews.com.
Nasdaq has submitted Form 19b-4 to the SEC, seeking approval to list Grayscale’s spot Polkadot ETF under the ticker “DOT.” Bloomberg analysts estimate Litecoin’s ETF approval odds at 90%, while HBAR ETF faces a lower 65% chance of success. The race to bring a Polkadot exchange-traded fund (ETF) to the market has gained fresh momentum. Nasdaq has officially submitted Form 19b-4 to the U.S. Securities and Exchange Commission (SEC), seeking approval to list and trade shares of Grayscale’s spot Polkadot ETF. If approved, the fund will track the spot price of Polkadot’s native token, DOT, and trade under the ticker symbol “DOT.” The move positions Grayscale Investments as a major player in the push for regulated crypto ETFs, offering investors a way to gain exposure to DOT within a traditional financial framework. The filing follows a broader trend of increasing demand for spot crypto ETFs as institutional and retail investors look for secure and regulated ways to participate in the digital asset market. Grayscale has also been actively pursuing ETF approvals beyond Polkadot, with filings for XRP, Solana (SOL), Dogecoin (DOGE), Cardano (ADA), and Litecoin (LTC). If these funds receive approval, they could mark a significant shift in how crypto assets are integrated into mainstream financial markets. Growing Interest in Polkadot ETFs Nasdaq’s submission makes this the second active DOT-focused ETF application currently under review. Last month, 21Shares filed an S-1 registration for a similar product, reinforcing the rising interest in Polkadot among ETF issuers. Meanwhile, a previous attempt by Tuttle Capital Management to introduce a 2x leveraged Polkadot ETF was withdrawn after an initial filing as part of a broader proposal for 10 leveraged crypto ETFs. The response from the market has been swift. Following news of Nasdaq’s ETF filing, Polkadot’s price jumped 4% but swiftly bounced back to…
Filed under: News - @ February 26, 2025 8:17 am