Nasdaq files Polkadot ETF on behalf of 21Shares

Nasdaq officially asked the U.S. Securities and Exchange Commission for permission to list a 21Shares Polkadot ETF.

Nasdaq filed formal paperwork with the SEC to allow the trading of a Polkadot (DOT) exchange-traded fund issued by wealth manager 21Shares.

The 19b-4 document filed by Nasdaq, otherwise known as a proposal for rule change, represents the second half of a standard ETF filing with the SEC.

Earlier this year, 21Shares submitted a spot DOT ETF filing and updated its S-1 application on March 7. The S-1 form is called a registration of securities and is typically one of the first steps in bringing a new ETF to market.

Several issues have tested the waters with crypto ETF filings under President Donald Trump’s new pro-digital asset administration. 21Shares also filled for ETFs tracking other altcoins like Solana (SOL) and (XRP). Grayscale bid for a spot DOT product also, while Canary Capital is seeking a SUI ETF which could also be the first of its kind.