Nasdaq has filed Form 19b-4 with the SEC, requesting permission to list and trade Grayscale's spot Polkadot ETF. The proposed fund would follow DOT's spot pricing and trade under the ticker "DOT."
Grayscale seeks to provide investors with regulated exposure to Polkadot's native coin. They're also looking toward ETFs for XRP, Solana, Dogecoin, Cardano, and Litecoin. This is the second active DOT-focused fund application, following 21Shares' recent S-1 registration. Tuttle Capital Management had proposed a 2x leveraged Polkadot ETF but eventually withdrew it.
The 19b-4 form is critical for exchanges considering regulation modifications to offer new securities, such as spot crypto ETFs. DOT, currently rated 26th among crypto assets, saw a 4% price boost when the news came. Its market capitalization presently stands at $6.6B.
Grayscale's action reflects increased interest in cryptocurrency ETFs. If approved, the spot Polkadot ETF will offer investors a new option to get exposure to the DOT ecosystem through regular financial markets.
