Nasdaq Submits Polkadot ETF Application for 21Shares

Nasdaq has formally requested the U.S. Securities and Exchange Commission to approve a 21Shares Polkadot ETF for listing.

The exchange has submitted official documentation to the SEC, seeking to facilitate the trading of a Polkadot (DOT) exchange-traded fund created by the wealth management firm 21Shares.

The 19b-4 filing made by Nasdaq, which is a proposal for a rule modification, constitutes the latter part of a conventional ETF application with the SEC.

Earlier this year, 21Shares initiated a spot DOT ETF filing and made updates to its S-1 application on March 7. The S-1 form serves as a registration for securities and is generally one of the initial steps in introducing a new ETF to the market.

Numerous challenges have emerged with crypto ETF filings during President Donald Trump’s administration, which has shown support for digital assets. In addition to DOT, 21Shares has also filed for ETFs focused on other altcoins such as Solana (SOL) and XRP. Grayscale has made a proposal for a spot DOT product as well, while Canary Capital is pursuing a SUI ETF, which may potentially be the first of its kind.