21Shares files for a spot Polkadot ETF, marking a first as it looks to get the US SEC signoff

21Shares has filed for a groundbreaking spot Polkadot ETF, the first application of its kind. It aims for approval from the U.S. SEC, reflecting an evolving regulatory climate for crypto assets.

The anticipated ETF will trade on the Cboe BZX Exchange and is designed to track Polkadot’s native token, DOT. Coinbase Custody will take responsibility for safeguarding the DOT assets.

As the SEC shows increasing openness to crypto ETFs, this filing follows Tuttle Capital’s recent applications for multiple leveraged crypto ETFs, including one specifically tracking Polkadot.