21shares registered a belief in Delaware on Dec. 19, known as the 21Shares Polkadot Belief, for a possible exchange-traded product listed to Polkadot (DOT).
As of press time, 21shares has not spoken publicly concerning the submitting.
DOT is the twentieth largest crypto, priced at $7.07 and boasting a market cap of practically $10.8 billion as of press time.
That is 21Shares’ newest effort within the crypto-related exchange-traded merchandise (ETP) sector. Along with its Bitcoin (BTC) and Ethereum (ETH) spot exchange-traded funds (ETF) within the US, the agency filed for spot Solana (SOL) and XRP ETFs and an Injective (INJ) ETP this 12 months.
‘New wave’ of crypto ETFs
Bloomberg ETF analysts Eric Balchunas and James Seyffart already anticipated a brand new wave of crypto ETP filings, though solely subsequent 12 months.
In response to their predictions, BTC-ETH blended index can be the primary new ETPs authorized, whereas Litecoin (LTC) and Hedera Hashgraph (HBAR) would come later.
Solana and XRP ETFs, then again, have unsure outcomes as their regulatory standing is unclear.
The brand new filings, together with a Hedera (HBAR) ETF filed by Canary Capital on Nov. 12, consequence from President-elect Donald Trump’s win within the US. His infamous pro-crypto stance is making ETF issuers optimistic concerning the regulatory panorama, prompting the creation of extra merchandise.
Furthermore, Paul Atkins’ nomination as the brand new US Securities and Change Fee (SEC) added to the crypto business’s bullishness. Atkins is a recognized advocate for innovation and has been the co-chairman of the Digital Chamber’s Token Alliance since 2017.
On the time of press 11:11 pm UTC on Dec. 19, 2024, Polkadot is ranked #17 by market cap and the worth is down 8.9% over the previous 24 hours. Polkadot has a market capitalization of $10.77 billion with a 24-hour buying and selling quantity of $989.08 million. Be taught extra about Polkadot ›
On the time of press 11:11 pm UTC on Dec. 19, 2024, the whole crypto market is valued at at $3.36 trillion with a 24-hour quantity of $283.29 billion. Bitcoin dominance is presently at 57.57%. Be taught extra concerning the crypto market ›
Disclaimer: CryptoSlate has acquired a grant from the Polkadot Basis to supply content material concerning the Polkadot ecosystem. Whereas the Basis helps our protection, we keep full editorial independence and management over the content material we publish.
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