Key Takeaways:
- Nasdaq has filed to list a Grayscale Polkadot (DOT) ETF, pending SEC approval.
- Grayscale expands its ETF lineup, adding to its existing Bitcoin, Ether, and other altcoin ETF applications.
- SEC scrutiny continues, with multiple crypto ETF filings awaiting regulatory decisions.
Nasdaq has submitted a request to list the Grayscale Polkadot ETF, a fund holding Polkadot (DOT), according to newly filed documents.
If approved by the U.S. Securities and Exchange Commission (SEC), the ETF would expand Grayscale’s publicly traded crypto investment products.
🚨Big news! Nasdaq is seeking SEC approval to list and trade shares of the Grayscale @Polkadot Trust! https://t.co/Eqw0TEb8UH pic.twitter.com/CLgMnlQRhU
— PolkaWorld (@polkaworld_org) February 25, 2025
This filing is part of a broader trend, with numerous exchanges and asset managers seeking approval for ETFs tied to altcoins.
Grayscale already manages two spot Bitcoin ETFs and a spot Ether ETF and has submitted applications for ETFs based on Solana (SOL), Litecoin (LTC), XRP, Dogecoin (DOGE), and Cardano (ADA).
The firm has also proposed an ETF holding a diversified mix of cryptocurrencies.
In addition to ETFs, Grayscale operates multiple single-asset crypto investment trusts that are not publicly traded.
Recently, it launched investment products for Pyth Network (PYTH), Dogecoin, Lido (LDO), and Optimism (OP).
With the crypto ETF market evolving, the SEC’s decisions on pending applications will play a crucial role in shaping the industry’s future and expanding institutional access to digital assets.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
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