21Shares, a company specializing in digital asset management, has taken another step towards the launch of a ETF on Polkadot (DOT).
On March 6, the company submitted an update to the registration request S-1 to the United States Securities and Exchange Commission (SEC), initially filed on January 31.
This update indicates that 21Shares is actively collaborating with the SEC, potentially to respond to requests for clarification or to improve the dossier in view of approval.
If accepted, the ETF on Polkadot will be listed on the Cboe BZX Exchange, with Coinbase as the custodian of the DOT reserves.
21Shares: the context of cryptocurrency ETFs and the role of Polkadot
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The application by 21Shares is part of a broader trend in the financial sector towards physically-backed cryptocurrency ETFs. On February 25, Grayscale also submitted a request for a Polkadot ETF, proposing its listing on Nasdaq.
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