Nasdaq has submitted a 19b-4 submitting with the US Securities and Trade Fee (SEC) for the Grayscale Polkadot ETF right now, signaling a possible new funding car for institutional and retail buyers.
This improvement follows Grayscale’s long-term plan of changing its crypto trusts into ETFs, reflecting the rising demand for regulated crypto funding merchandise.
Grayscale’s Increasing ETF Technique
In line with the submitting, Nasdaq is proposing the itemizing and buying and selling of shares of the Grayscale Polkadot Belief (DOT) below its Commodity-Primarily based Belief Shares rule.
Eric Balchunas, a senior ETF analyst at Bloomberg, shared a screenshot of the SEC submitting on social media.
“Grayscale just filed for a Polkadot ETF,” the analyst wrote on Twitter.
Grayscale launched the Grayscale Polkadot Belief in 2021, offering personal buyers with publicity to DOT. The latest Nasdaq submitting marks a major step towards making this product publicly tradable on regulated exchanges. If the Grayscale Polkadot ETF positive factors approval, it might convey extra liquidity and institutional adoption to the DOT ecosystem.
Furthermore, the information comes because the SEC lately acknowledged filings for each the Grayscale XRP and Grayscale Dogecoin (DOGE) ETFs.
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