Grayscale requests a Polkadot ETF

• Grayscale has submitted an ETF application of Polkadot before the stock exchange and values ​​commission (SEC).
• This is the last application of ETF in cash, and this on Polkadot adds to the presentation made by 21Shares earlier this month.

Grayscale Investments has submitted a request for a background quoted in the Polkadot Stock Exchange (DOT), the last of a series of Cryptocurrency ETF applications that the issuers have submitted in recent months.

Bloomberg ETF senior analyst Eric Balchunas, shared The news on X on February 25. With the market in general down as prices collapsed, the news of the Grayscale application for an ETF of Polkadot (DOT) did not have an immediate impact on the DOT price.

At the time of writing this article, the value of the Altcoin was around $ 4.44, a fall of more than 6% in the last 24 hours. However, the price of Polkadot had bounced slightly from the minimum of $ 4.15 seen above in the day.

Grayscale adds to the Packadot ETF Spot presentations

Grayscale is one of the digital asset managers that several cryptographic products have been aggressively launched.

Among his ETF Spot requests before the stock exchange and securities commission are the requests for the price and negotiation of the funds quoted in the Bolsa Litecoin, XRP, Cardano, Dogecoin and Solana.

Grayscale Polkadot Trust is the latest ETF Spot application. With the presentation of the proposed rule change by Nasdaq Market, the presentation of the ETF DOT adds to others that are already considering the approval of the SEC.

It is important to highlight that the SEC has recognized several of the 19B-4 forms, which starts this process towards the final approval or rejection. In particular, the 19B-4 presentation by Grayscale occurs a few weeks after the 21Shares asset manager requested a Polkadot ETF.

The 21Shares Polkadot Trust proposed by the company seeks to quote on the CBOE BZX stock market, with coinbase as custodian. Recently, Canary Capital presented 19B-4 for its ETF Spot Hbar. The presentation of the asset manager occurred a few days after modifying his presentation S-1.

According to Balchunas, the measure means that the SEC comments on the Hbar ETF. What this means is that Hbar and Litecoin have the “best probabilities” of being approved among Altcoin’s presentations, public The analyst in X.