Nasdaq from the US Paperities Exchange asked for a list of the stock exchange fund (ETF) with the native token Polkadot Network, Dot (Dot), showed applications. If it is approved, Grayscale Polkadot Trust would add to the expanding finance package of the cryptocurrency assembly manager.
. filing He adds a litany of applications with the American Commission for Securities and Exchange by stock exchangers and assets who want to exchange ETF related to alternative cryptocurrencies or altcoins.
SEC must review and approve the applications before starting trade.
NASDAQ proposal regarding the list and trade in Grayscale’s Polkadot Trust. Source: Nasdaq
Related: Grayscale launches Pyth Investment Fund
ETF ETF Grayscale
Grayscale already mentions two ETF Bitcoin Spot Bitcoin (BTC) and Etre Ether (ETH) ETF. She also tried to replace ETF Holding Solana (SOL), Litecoin (LTC), XRP (XRP), Dogecoin (Doge) and Cardano (ADA).
In addition, asset manager is looking for permission on the ETF list with a diversified cryptocurrency basket, including several Altcoins.
Grayscale runs dozens of single -law cryptocurrency funds that are not traded on public exchanges.
In February, the company launched an investment fund for the native PYTH Network toke. In January, he launched an unusual investment fund for Dogecoin, the most popular Memecoin according to market capitalization.
In December, Grayscale launched two fresh investment funds for Lido management tokens and optimism – LDO (LDO) and OP (OP) respectively.
Grayscale cryptocurrency products. Source: Gray
Related: SEC recognizes the submission of an application for the place of Grayscale Cardano ETF
Cryptographic ETF applications are spreading
Grayskale is one of half a dozen asset managers looking for the consent of SEC on the ETF Altcoin list. Other issuers proposed ETF for Altcoins, including Hedera (HBAR) and the official Trump (Trump).
Asset manager 21Shareres also tries to replace ETF Polkadot.
Issuers are also waiting for SEC approval for the proposed changes in existing ETFs, including add -ons, options and redemption in the installation.
Sec softened his position on cryptocurrency after US President Donald Trump began the second term.
According to the former president Joe Biden, the Federal Agency raised 100 lawsuits against cryptographic companies, accusing various violations of the right of securities. In 2024, the SEC approved ETF Bitcoin and Ether, but arduous proposed ETF associated with other cryptocurrencies.
Bloomberg intelligence determined the chances of approval of ETF XRP in the USA at 65%. His estimates on the chances of approval of Litecoin and Solana ETF are even higher, 90% and 70%, respectively.
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