21Shares Files Polkadot ETF Amid Growing Altcoin Demand | Airdrop Alert Pro

The asset management company 21Shares submitted SC to the SEC for Polkadot ETF. The company plans to list the shares of the CBOE BZX exchange.

The proposed 21Shares Polkadot Trust will Mirror Its current Polkadot Trust.

Polkadot joined the Altcoin ETF competition

21Shares Polkadot ETFs will use CME CF Polkadot-Tollar reference rate tracking point price. According to the file, Coinbase’s guardianship will hold assets.

this fund It will follow passive investment strategies. It will avoid leverage, derivatives and active transactions. especially, Polkadot price There was no response at all. The point of January was maintained by 10 %.

“The market will determine where the value is, and whether the value of this product is valuable. If no one invests money into Polkadot ETF -it will close. People can freely emit any ETF allowed by SEC,” “” Write Analyst James Seyffart.

This file is in Tartel Capital Management Proposal Earlier this week, this week was the Polkadot ETF of 2 times lever this week, as a part of 10 leverage encrypted ETFs.

However, ETF analyst Eric Balchunas confirmed that Tutility Capital withdrew its application for all 2X leverage ETFs.

since Gary Gensler left his position Earlier this month, SEC received a wave of Altcoin ETF applications. Earlier today Gray launched Dogecoin TrustEssence Trust funds provide investors with 2.5 % management costs when demand increases.

Within a few hours, the grayscale converts the trust file into an ETF application. This may be the first time that the trust has been transformed into ETF on the same day.

“Guide, riding is fierce. I have never heard of trust starting, and then I hope to be converted to ETF on the same day. But they may now be in the polar position in the 19B-4 competition. In addition, we now have up to four DOGE ETF files. (Including 2 times) Gensler has gone for about two weeks. ” Write Eric Balchunas.

GrayScale also submitted an ETF application for XRP, Litecoin and Solana. The company recently launched Bitcoin miner ETF. Fund provides Contact company related to Bitcoin Do not invest in cryptocurrencies directly. It attracts traditional investors.

SEC may wait for Paul Atkins

Together with Polkadot ETF, 21Shares also has an XRP ETF application to be processed in the SEC. approve XRP ETF may seemBut SEC may delay the further Altcoin ETF under the temporary leadership.

Now, Mark Uyeda leadership SEC temporary. President Trump’s nominated Paul Atkins is still waiting for the Parliament process to become permanent chairman.

However, when SEC approves another Altcoin fund, Litecoin may be the first. Affairs of the committee The recognized Litecoin ETF applicationEssence

Litecoin has been classified as non -safety, which is also helpful because it is the fork of Bitcoin.