Nasdaq officially requested the United States Stock Exchange and Securities Commission (SEC) that allows the 21Shares of Swiss Asset Manager and the commercial actions of a Coticular Fund (ETF) of Polkadot (DOT).
The exchange presented a 19B-4 presentation to the SEC, asking permission to list the ETF if approved by the regulator.
The proposed fund would track the DOT spot price, the native cryptocurrency of the Polkadot network. The presentation follows a modified S-1 form presented by 21Shares earlier this year, marking another step in the company’s impulse to bring more investment products of cryptography to the market.
21Shares is also looking for the regulatory approval of funds linked to XRP and Solana’s Sol. The company recently announced that it is ready to liquidate two cryptographic ETFs actively administered in the middle of the market recession.
Grayscale Investments, a cryptographic asset management company, has also presented to the SEC to launch a Polkadot ETF, indicating a broader interest in the asset.
