21Shares Files to Launch Spot Polkadot ETF in the U.S.
In the surge in the SCO ETF application in the United States, the asset management company 21Shares applied for the Polkadot ETF. Asset management company 21Shares has applied to the US SEC for the Polkadot Exchange Trading Fund (ETF).
21Shares revealed the plan to list 21Shares Polkadot Trust on the CBOE BZX exchange. Coinbase served as DOT CUSTODIAN in the sales on January 31st RecordEssence This is four years after 21Shares launched similar products in Switzerland. In February 2021, the asset manager launched the world’s first Polkadot ETP on the Sixth Exchange of Switzerland.
The uncertainty of price performance after ETF release
It is worth noting that the document warns that after the ETF is launched, the short -term or long -term price guarantee of Polkadot is not guaranteed. It said: “It is not guaranteed that DOT will retain its value in a long or medium term.”
This file outlines potential risks related to the Polkadot network. These include potential increases that can be used for transactions, and the possibility of classification of DOT as security according to federal law.
Bloomberg Analyst James Seyffart Well -known In the X post, the market will determine where the value and the value of the launch of such products exist. “If no one puts money into Polkadot ETF, it will be closed. People can freely emit any ETF allowed by SEC.” He said.
A wave of ETF applications
Since Gary Gensler left the SEC earlier this month, SEC has seen the surge in the Altcoin ETF application. Gray submitted ETF applications for Doge, XRP, Litecoin and Solana. The company recently launched Bitcoin miner ETF.
In addition, asset managers Osprey Funds and REX stocks submitted MemEcoin, officials such as Dogecoin, Dogecoin, Trump officials, and Bonk, the second day after Gensler resigned. Similarly, recently, SEC has granted preliminary approval of Bitwise Management’s bitcoin and Ethereum ETF. The Bitcoin and Ethereum ETF aims to track the price of Bitcoin and Ethereum in a fund.
