The 21Shares asset management company recently made a request to the Securities and Exchange Commission (SEC) to launch a negotiated stock market (ETF) funded in Polkadot (DOT). According to the deposit of January 31, 2025, the objective is to rate the 21Shares Polkadot Trust on the Crypto CBOE Bzx scholarship, with Coinbase as a depositary of the DOT.
Crypto: 21Shares files a request for an ETF Polkadot
21Shares has just filed an S-1 request from the SEC, to launch an ETF backed by Polkadot (DOT) in the United States. This fund would allow investors to access DOT without having to hold it directly. This initiative reflects the growing interest in financial products based on crypto.
In addition, the deposit of 21Shares comes after the resignation of the president of the dry, Gary Gensler, on January 20, a notorious skeptic of cryptocurrencies. This resignation sparked a wave of requests from ETF Crypto, both before this date.
Will Polkadot be a viable investment?
Polkadot is currently the 18th largest crypto in terms of market capitalization. However, its recent performance was modest, with a decrease of 5.16 % in the last 12 months and 10.48 % in the last month. At the time of writing this article, the dowry price was $ 6.21.
The deposit with the dry emphasizes that there is therefore no guarantee as to the future performance of the dowry, whether in the short or long term. In the event of a drop in the price of the dowry, the value of the ETF shares should decrease proportionally.
In addition, there are potential risks associated with the Polkadot network, in particular a possible increase in the dowry offer available to negotiation and the possibility that the DOT is classified as a financial title under federal laws. In addition, if the dry approves such an ETF and it does not attract funds, it will be purely and simply closed, according to James Seyffart, Crypto analyst.
The approval of an ETF Polkadot by the SEC could therefore widen access to investors, but uncertainties remain as for its viability. Crypto market demand and regulation will then determine its long -term success.
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