| Key Points: – The Grayscale Polkadot ETF is now in the SEC’s review process, moving toward approval. – The SEC appears to be adopting a more favorable stance on digital assets, evidenced by its approval of multiple crypto ETF filings. |
Two weeks ago, Nasdaq officially filed with the U.S. Securities and Exchange Commission (SEC) to list and trade the Grayscale Polkadot ETF.
The SEC has acknowledged receipt of the 19b-4 filing related to this ETF, reinforcing expectations that the product could be available on regulated exchanges.
SEC Begins Review Process with Grayscale Polkadot ETF
Grayscale introduced the Polkadot Trust in 2021 to provide private investors with exposure to DOT. If the Grayscale Polkadot ETF gains regulatory approval, it could enhance liquidity and encourage institutional participation in the Polkadot ecosystem.
Grayscale’s filing is part of a growing number of altcoin ETF applications seeking SEC approval. Other asset managers, including 21Shares, have previously proposed ETFs dedicated to Polkadot.
The development comes amid a broader wave of altcoin ETF applications. Canary Capital has also submitted a 19b-4 filing with the SEC for an HBAR-based ETF and has been acknowledged by the SEC.
Additionally, Canary recently filed an application to establish an exchange-traded fund (ETF) based on SUI in Delaware. The company is also emerging as one of the leading asset managers focused on altcoin-related investment products, alongside Grayscale Investments.
Altcoin ETFs Expand as New Filings Emerge
Grayscale is actively expanding its ETF offerings beyond Polkadot. The company currently lists two spot Bitcoin ETFs and one spot Ethereum ETF.
The asset manager has also filed applications to list ETFs for Solana (SOL), Litecoin (LTC), XRP, Dogecoin (DOGE), and Cardano (ADA). Furthermore, it is working on a multi-asset cryptocurrency ETF to provide investors with diversified exposure to digital assets.
The surge in ETF filings reflects the evolving regulatory environment under the SEC, which has shown a more accommodating stance toward cryptocurrency investment products.
Recent actions, such as dropping investigations into Robinhood and the NFT marketplace OpenSea, suggest a shift in the agency’s approach to digital asset oversight.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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