21Shares And Nasdaq Are Betting Big On A Polkadot Crypto ETF: Will The SEC Follow?

The Nasdaq may soon welcome a new product: the 21Shares Polkadot Spot ETF. The investment firm has just filed a request with the SEC. This is a major advancement in the crypto ETF universe! However, the road ahead is still long.

Polkadot Crypto ETF: the Nasdaq has officially submitted form 19b-4 to the SEC

Thanks to this filing, the Nasdaq will be able to list a Polkadot Spot ETF from 21Shares. If accepted, this crypto ETF would provide investors with regulated exposure to Polkadot. All of this, without directly holding DOT tokens!

In this same vein, 21Shares continues to expand its crypto ETF offerings, notably with ETFs on Solana and XRP. Moreover, the company already offers similar products in the European market. We specifically refer to the 21Shares Polkadot ETP (ADOT) which is available on:

• Euronext Amsterdam;
• Euronext Paris;
• the SIX Swiss Exchange.

This initiative follows a broader movement, with other players like Grayscale also preparing Polkadot Spot ETFs.

The Nasdaq Confronts Crypto Regulation

The SEC plays a key role in approving or rejecting this crypto ETF. The American crypto regulator indeed shows some reluctance to approve these new digital assets. Proof: it has delayed several decisions regarding XRP, Solana, and Litecoin ETFs.

This regulatory caution could also affect the approval of Polkadot Spot ETFs.

In practical terms, the SEC’s approval of the form 19b-4 could change the game for crypto ETFs. If Nasdaq and 21Shares ETFs get the green light, it could open the door for other digital assets. But not just that! It would also boost demand for DOT.

ETF Crypto Application Filing: What Impact on Polkadot Price?

After the filing announcement, the DOT price showed a slight increase before dropping by 1.12%. Moreover, Polkadot currently has a market capitalization of $6.7 billion.

Key support levels are at $4.322 and $4.129, while resistances at $4.599 and $4.898 remain obstacles to further increases.

In any case, the filing of a Polkadot Spot ETF by 21Shares and the Nasdaq marks a new milestone for institutional adoption of crypto ETFs. For investors, this represents an opportunity… and also a risky bet in an unpredictable crypto market.