SEC Accepted the ETF Application of 7 Billion Dollar Altcoin: A New Process Begins! - Coin Bulletin

robot
Abstract generation in progress

The United States Securities and Exchange Commission (SEC) has officially approved 21Shares' Polkadot (DOT) focused spot exchange-traded fund (ETF) application.

SEC, by approving 21Shares' Polkadot spot ETF application, has paved the way for a Polkadot-based ETF to be traded in the American market. This development is seen as a significant step in the cryptocurrency market.

Following the approval, the SEC will begin a detailed review of the application and during this process will evaluate both legal compliance and market impacts. The review process will determine whether the ETF’s approval process will progress and will gain clarity for investors before being made available for trading.

The successful approval of the application will allow investors to trade **Polkadot (DOT) tokens without managing them directly on the Cboe BZX exchange. This situation could lead to increased interest from institutional investors in the Polkadot network and integrate Polkadot into traditional financial markets.

According to CoinGecko data, DOT experienced a 5.5% increase to reach $4.56 after the approval came.

DOT0.47%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)