21Shares Advances Polkadot ETF Plans as Nasdaq Seeks SEC Approval

In a move to expand its crypto investment offerings, 21Shares is pushing forward with a Polkadot (DOT) exchange-traded fund (ETF), with Nasdaq formally requesting regulatory approval.

The stock exchange has filed a 19b-4 application with the U.S. Securities and Exchange Commission (SEC), seeking approval to list and trade shares of the proposed ETF. If approved, the fund would directly track the spot price of DOT, allowing investors to gain exposure to the Polkadot network without directly holding the asset.

This filing follows an amended S-1 form submitted by 21Shares earlier in the year, signaling the firm’s commitment to broadening access to digital assets. The company is also pursuing approval for ETFs tied to XRP and Solana (SOL), despite having recently shut down two actively managed crypto ETFs due to market challenges.

Grayscale Investments has also submitted an application for a Polkadot ETF, highlighting the growing institutional interest in the asset.