21Shares Files S-1 Registration for Polkadot ETF With US SEC

Investment management firm 21Shares has filed its S-1 registration statement for the Polkadot ETF offering with the US Securities and Exchange Commission (SEC). This DOT-focused fund marks one of the non-conventional crypto ETF applications filed with the regulator this week.

The Polkadot ETF From 21Shares

According to the S-1 filing, 21Shares said the firm plans to list the Polkadot ETF on the Cboe BZX Exchange. The asset manager noted that the fund is a passive investment that does not seek to generate returns beyond tracking the price of DOT. Explaining this, 21Shares said this funds model means it will not speculatively sell DOT when the price is high and buy when it is low.

It informed prospective investors that it will not pursue its investment objectives through leverage or derivatives products. Having ruled out these measures, it said it would solely track DOT price as featured on the CME CF Polkadot-Dollar Reference Rate.

This 21Shares filing is the second time the firm is featured on the ETF front this week. As reported earlier, the Cboe exchange refiled its Solana 19b-4 application alongside those of VanEck, Canary Capital, and Bitwise.

This is a breaking news, please check back for updates!!!!

The post 21Shares Files S-1 Registration for Polkadot ETF With US SEC appeared first on CoinGape.