21Shares’ Polkadot ETF Setup accepted by sec, Decision in progress

The US Securities and Exchange Commission officially recognized NASDAK’s submission for 21Shares’ Polkadot Exchange Fund, a marking step in the approval process.

The moment is confirmed 21Shares Polkadot (Dot) ETF setting up Native, from 20. Marta. If approved, the ETF will be listed on NASDADA, allowing regular investors to invest in Polkadot to directly invest in Polkadot directly.

Neđadda officially had submit 19B-4 Security Form requesting approval for the 21SHARES Skadot of the ETF, 17. Marta. Submission indicates another key step in the typical ETF approval process. 6. Marta 21shares submit Updated statement about Registration S-1, while the initial application was submitted 31. January.

What does recognition mean?

With this submission of the application, 21Shares joins Greiscale, who submitted his app to indicate the place of Polkadot ETF on Nasadda with 25. February.

Certificate for SEC means that the regulatory body started a formal period of evaluation. During this time, SEC will look for public comments, assess the potential impact on the market and determine whether the proposed polcadot’s Spot ETF in line with regulatory standards.

Although the recognition of submission is a positive development for a polkadot, it is important to note that the sex is slow and careful in approving the crypto-ETF, especially outside the Etfere (El) and bitcoin (Btc). They are deferred Decisions on other ETFs like Ripple (XRP), Solana (Salt) and Litekoin (LTC), making it uncertain whether the polkadot ETF will be approved quickly.