21shares moves forward with a polkadot ETF base because DET has $ 4 support

21Shares filed an updated S-1 Spot Fund application to the Malcadoto Selection Fund, with the initial application submitted more than a month ago.

21shares had submit Updated version of your S-1 Applications for Spot Polkadot (Dot) ETF to SEC, from 6. March 6. March. Cripto Asset Manager had previously submit Statement on Registration S-1 in the SEC for Spot Polkadot ETF. 31. January. The march appearing is the updated version of that initial application, possible to resolve feedback from the SEC or to provide additional information.

Submission See 21Shares Join Greiscale, which submitted to live on the Leaf of Polkadot ETF with 25. February Naval.

Polkadot ETF Feltings for 21Shares and grisches are part of a wider trend where property managers are increasingly looking for SEC approval for crypto ETFS. 21Shares has also been recently submitted to target ETFS Riplle (XRP) and Solana (Salt). As for its existing offers, 21Shares currently offers BitCoin (Btc) and Etherum (El) ETFS as well as a The number of products traded.

Meanwhile, Dot price seems to have formed a falling sample falling on a weekly chart, installing a beech reversal running lower and lower and lower falls are converted into narrowing. In other words, the distance between high and hunting decreases, which means that the decline rate of deceleration. This suggests that the sellers lose momentum, and the break could be inevitable. If the point is violated above the local resilience zone to about $ 10, it would confirm the termination of the wedge. The critical support level is about $ 4, which if it crosses, will undo the form, potentially drive the point to the previous major support to $ 3.60. At the time of pressure, the point traded around $ 4.5, with a 24-hour volume of over $ 255 million, according to Coinmarketcap.

In addition to the potential approval of ETF polkadotes to SEC, the price point can be floated by launch Polkadot 2.0 In K1 this year, the main coming upgrade to a gear network designed to improve its scalability and accessibility of developers. The Early TestNet version is already available in the networks network, allowing developers and users to experience and provide feedback on new functions before official release.