$DOT Application to Launch Polkadot ET Fund
21Shares, a specialist in exchange-traded funds, has filed an application with the US Securities and Exchange Commission (SEC) to launch the Polkadot ETF.
The fund, called the 21Shares Polkadot Trust, aims to track the performance of the DOT digital currency, the native digital currency of the Polkadot network, and if approved, the fund’s index will trade on the Cboe BZX exchange.
Coinbase will be the custodian of the fund’s DOT coins, according to the statement.
The move comes after Tuttle Capital filed an application earlier this week to launch 10 leveraged cryptocurrency ETFs, including one specifically to track Polkadot.
The US has seen a surge in applications to list crypto products amid an expected shift in regulatory approach with the new Trump administration.
Previously, former SEC Chairman Gary Gensler had been reluctant to approve Bitcoin ETFs, but after a court order, the agency eventually approved the products.
Soon after, Ethereum ETFs were also approved, reflecting a shift in regulatory attitudes toward digital assets.
