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The Process for the Major Altcoin ETF is Underway: The Necessary Application has also been Submitted to the SEC! - Coin Bulletin
One of the largest exchanges in the US, Nasdaq, has applied to the Securities and Exchange Commission to list the 21Shares Polkadot Trust.
Nasdaq has made an official application to the SEC to list and facilitate trading of the 21Shares Polkadot Trust on its exchange. This application is considered an important step for Polkadot to reach a wider investor base. If the SEC approves, a new investment vehicle will be offered to Polkadot (DOT) investors, which could also lead to an increase in DOT's liquidity.
21Shares Polkadot Trust will be an investment vehicle representing the assets of Polkadot (DOT) and will facilitate investors' ability to invest in DOT. The SEC's previous approvals for major cryptocurrencies like Bitcoin and Ethereum may allow Polkadot to go through a similar process.
21Shares had recently submitted a direct application to the SEC for a spot ETF aimed at holding DOT. This new application by Nasdaq has initiated the official process required for the ETF to be listed on the exchange.