The crypto fund's conversion to an ETF was halted on the same day by SEC Assistant Secretary Sherry R. Haywood, who announced a re-examination. Additionally, two separate ETFs for @polkadot are still awaiting approval.
Grayscale Polkadot ETF
Grayscale Investments successfully launched spot ETFs for Bitcoin (BTC) and Ethereum (ETH). Grayscale plans to convert its existing Polkadot Trust into an ETF, with the ticker "DOT."
February 24, 2025: Nasdaq submitted Form 19b-4 on behalf of Grayscale, requesting the listing and trading of shares of the Grayscale Polkadot Trust on Nasdaq.
November 8, 2025: Final decision deadline, by which the SEC must make a decision to approve or deny.
21Shares Polkadot ETF
21Shares is a Swiss-based crypto asset management company focused on crypto ETF/ETP products. In 2021, 21Shares launched a Polkadot ETP on the Swiss SIX Exchange.
January 2025: 21Shares submitted an S-1 registration application.
March 17, 2025: Nasdaq submitted Form 19b-4.
November 8, 2025: Final decision deadline, by which the SEC must approve or deny.
The first index fund has been approved by the SEC to convert into an ETF, and the buying pressure from the Americans is coming in waves...
"Latest news: 🇺🇸 The U.S. Securities and Exchange Commission has approved the conversion of the Bitwise 10 Crypto Index Fund into an ETF that holds the following cryptocurrencies: • BTC • ETH • XRP • SOL • ADA • SUI • LTC • DOT • LINK • AVAX"
Let's take a look at the general situation of this fund...
Bitwise 10 Crypto Index Fund
Previous asset allocation of the fund:
-Bitcoin (BTC): 75.1%
-ETH (ETH): 16.5%
-@solana (SOL) 4.3%
-XRP: (XRP) 1.6%
-@Cardano_CF (ADA) 0.7%
-@avax (AVAX) 0.6%
-Bitcoin Cash (BCH): 0.4%
-@chainlink (LINK) 0.4%
-@Uniswap (UNI) 0.3%
-@Polkadot (DOT) 0.3%
By May 2025, the assets under management (AUM) are approximately $1.4 billion.
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