21Shares Polkadot ETF Plan Continues to Advance with Nasdaq Listing Approval Filing
The filing comes as 21Shares expands its range of crypto ETFs, including funds for XRP and Solana.
Author: Francisco Rodriguez | Edited by: Sheldon Reback Updated: 18 March 2025, 18:09 UTC Published: 18 March 2025, 15:41 UTC
Important points:
- Nasdaq has filed with the SEC to list a Polkadot spot ETF on behalf of 21Shares.
- 21Shares is also exploring the possibility of creating an ETF linked to XRP and Solana, and also offers ether staking.
Nasdaq has formally asked the U.S. Securities and Exchange Commission (SEC) to allow Swiss asset management firm 21Shares to list and trade shares of the Polkadot (DOT) exchange-traded fund (ETF).
The exchange filed a 19b-4 with the SEC requesting that the ETF be listed if approved by the regulator.
The planned fund will track the spot price of DOT, the native cryptocurrency of the Polkadot network. The filing follows an amended Form S-1 filed by 21Shares earlier this year, another step in the company’s efforts to expand its range of crypto investment products.
21Shares is also seeking regulatory approval for funds linked to Solana’s XRP and SOL. The company recently announced plans to close two actively managed crypto ETFs amid the market downturn.
Grayscale Investments, a crypto asset management company, has also filed with the SEC to launch a Polkadot ETF, indicating growing interest in the asset.
