Grayscale Pushes for Polkadot ETF as Nasdaq Submits SEC Filing
NASDAQ has filed a 19b-4 file with the U.S. Securities and Exchange Commission (SEC) today to Grayscale’s Polkadot ETF, which shows potential new investment tools for institutional and retail investors .
This development is in Grayscale’s long-term plan to convert its crypto trust into ETFs, reflecting the growing demand for regulatory crypto investment products.
Grayscale Extended ETF Strategy
According to the filing, Nasdaq is proposing a listing and trading of shares of Grayscale Polkadot Trust (DOT) under its commodity-based trust shares rules.
Eric Balchunas, senior ETF analyst at Bloomberg, shares screenshots of SEC Register On social media.
Analyst “Greyscale just applied for polkadot ETF” Write On Twitter.
Grayscale launched the Grayscale Bolcardo Trust in 2021, providing private investors with exposure to DOT. The latest Nasdaq application marks an important step in getting the product to be publicly traded on regulated exchanges. If the Grayscale Polcardo ETF is approved, it can bring more liquidity and institutional adoption to the DOT ecosystem.
In addition, the message came from SEC Recent documents acknowledged For grayscale XRP and grayflower dogecoin (Doge) ETFs.
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