Digital asset manager 21Shares has submitted an updated S-1 request to the U.S. Securities and Exchange Commission (SEC) to launch an Exchange-Traded Fund (ETF) for Polkadot (DOT). This follows the company’s initial request on January 31 and a similar request by Grayscale on February 25 through the New York Stock Exchange. These requests indicate a growing trend of asset managers’ interest in expanding digital currency investment products. In the trading market, Polkadot’s price, forming a descending wedge pattern on the weekly chart, shows signs of potential reversal. The digital currency is currently fluctuating around $4.5, with a key support level at $4. It is expected that the launch of the major network upgrade called Polkadot 2.0 in the first quarter of this year will be a positive catalyst for DOT’s price.
