The Nasdaq could soon host a new product: the ETF Spot Polkadot of 21Shares. The investment company has just made a request to the SEC. A major progress in the universe of Crypto ETF! Nevertheless, the road is still long.
ETF Crypto Polkadot: Nasdaq officially submitted Form 19b-4 to the dry
Thanks to this deposit, the NASDAQ can lift a ETF SPOT POLKADOT of 21Shares. If it is accepted, this ETF Crypto would offer investors a regulated exposure to Polkadot. All, without directly holding Dot tokens!
In this same throw, 21Shares continues to expand his ETF Crypto offerespecially with ETFs on Solana and XRP. Moreover, the company already offers similar products on the European market. We alludes in particular to ETP 21Shares Polkadot (Adot) which is available on:
- Euronext Amsterdam;
- Euronext Paris;
- The six Swiss Exchange.
This initiative follows a broader movement, with other actors as grayscale who also prepare ETF SPOT POLKADOT.
Nasdaq in the face of Crypto regulations
The dry plays a key role in acceptance or rejection of this Crypto ETF. The American crypto regulator indeed shows a certain reluctance to approve these new digital assets. The proof: he repelled the decisions concerning the ETF XRP, Solana and Litecoin several times.
This regulatory prudence could also affect Approval of ETF Polkadot.
Concretely, the approval of Form 19B-4 By the dry could change the situation for the Crypto ETF. If ETF Nasdaq and 21Shares get the green light, this could open the door to other digital active ingredients. But not only! This would also boost demand for the dowry.
Submission of ETF Crypto request: what impact on the Polkadot price?
After the announcement of the deposit, the price of the dowry showed a slight increase before undergoing a decrease of 1.12 %. In addition, Polkadot is currently having a capitalization of $ 6.7 billion.
Key support levels are $ 4.322 and $ 4.129, while resistances at $ 4.599 and $ 4,898 remain obstacles to a new increase.
In any case, the deposit of an ETF Spot Polkadot by 21Shares and the Nasdaq marks a new stage for the institutional adoption of ETF Crypto. For investors, this is an opportunity … and also a risky bet in a still unpredictable crypto market.
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