Grayscale seeks SEC approval for Polkadot ETF on Nasdaq. Coinbase and BNY Mellon support the proposal. Analysts skeptical about its success.
Digital asset management company Grayscale has submitted a request to the U.S. Securities and Exchange Commission (SEC) to launch an Exchange-Traded Fund (ETF) for Polkadot on Nasdaq. The purpose of this ETF is to provide investment opportunities in the DOT token of the Polkadot network by tracking its price changes. Well-known companies like Coinbase and BNY Mellon play key roles in supporting this proposal. Following a similar request made by 21Shares earlier this month, this is the second Polkadot ETF request this year. Despite the growing interest in digital currency ETFs, some analysts have doubts about the success of the Polkadot ETF.
