Summary
- 21Shares announced that it has applied for a spot ETF related to Polkadot.
- This application is noted as the first spot ETF application for Polkadot.
- It was reported that the price of Polkadot rose by 4.2% from the previous day due to this news.
21Shares has applied to the U.S. Securities and Exchange Commission (SEC) for a Polkadot (DOT) spot ETF.
On the 31st (local time), 21Shares submitted a Polkadot spot ETF securities registration statement (S-1) to the U.S. SEC. This is the first spot ETF application for Polkadot. According to the filing, the ETF is expected to be traded on the BZX Exchange under the Chicago Board Options Exchange (Cboe). Coinbase Custody has been designated as the custodian for Polkadot.
As this news spread, the price of Polkadot surged. On this day, Polkadot was trading at $6.4, up 4.2% from the previous day, in the Binance Tether (USDT) market.
Doohyun Hwang
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