Polkadot ETF Filing Submitted by Grayscale, Strengthening Its Crypto Fund Lineup

Grayscale Moves to Launch Polkadot ETF Amid Expanding Crypto Fund Offerings

Grayscale Investments has officially filed for a Polkadot (DOT) exchange-traded fund (ETF), adding to its growing list of crypto investment products. The move follows similar filings for XRP and Cardano ETFs as the regulatory climate shifts in favor of digital assets.

Nasdaq has submitted a Form 19b-4 with the U.S. Securities and Exchange Commission (SEC) to list and trade shares of the Grayscale Polkadot Trust (DOT). The SEC now has a 45-day window to review the application, with the option to approve, reject, or extend its decision.

Grayscale, which already offers Bitcoin and Ethereum ETFs, has been pushing to expand its lineup, capitalizing on the SEC’s more lenient stance under the Trump administration. Recently, the regulator has dropped multiple investigations into crypto-related firms, including Robinhood and OpenSea, signaling a shift in approach.

This filing also puts Grayscale in direct competition with asset manager 21Shares, which applied for a similar Polkadot ETF last month. If approved, the fund would provide institutional investors with an easier way to gain exposure to DOT.

At the time of writing, Polkadot’s DOT is trading at $4.40, down 6.7% in the past 24 hours, mirroring a broader market decline.

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