Nasdaq’s Bold Move: Polkadot ETF or Just Another Crypto Circus? 🎪

“`html

Nasdaq’s Bold Move: <a href="https://usdinrusd.com/dot-usd/">Polkadot</a> ETF or Just Another Crypto Circus? 🎪

In a most audacious display of financial bravado, the illustrious Nasdaq has taken it upon itself to beseech the esteemed U.S. Securities and Exchange Commission for the grand privilege of listing a 21Shares Polkadot ETF. One can only imagine the pomp and circumstance surrounding such a request! 🎩

With the flourish of a quill, Nasdaq has submitted the necessary formalities to the SEC, seeking to unleash upon the world a Polkadot (DOT) exchange-traded fund, courtesy of the ever-ambitious wealth manager, 21Shares. Ah, the sweet scent of ambition wafting through the air! 💼

Behold the 19b-4 document, a veritable tome of bureaucratic delight, which serves as a proposal for a rule change—an essential step in the grand ballet of ETF filings. One can only wonder if the SEC will don its finest attire for this occasion! 🕺

Earlier this very year, in a fit of entrepreneurial zeal, 21Shares had already submitted a spot DOT ETF filing, updating its S-1 application on the seventh day of March. The S-1, that venerable registration of securities, is akin to the first step of a clumsy dancer attempting to waltz into the market. Will they trip, or will they glide? Only time will tell! ⏳

As the winds of change blow through the crypto landscape, several brave souls have dared to test the waters of ETF filings under the watchful eye of President Donald Trump’s new pro-digital asset administration. 21Shares, not content with merely one offering, has also thrown its hat into the ring for ETFs tracking other altcoins, such as Solana (SOL) and the ever-mysterious XRP. Meanwhile, Grayscale has joined the fray, vying for a spot DOT product, while Canary Capital dreams of a SUI ETF, which could very well be the first of its kind. What a delightful circus of financial aspirations! 🎪

“`

Read More

2025-03-19 01:10