21shares registers Polkadot belief in Delaware in preparation for ETF

21shares registered a trust in Delaware on Dec. 19, known as the 21Shares Polkadot Belief, for a possible exchange-traded product listed to Polkadot (DOT).

As of press time, 21shares has not spoken publicly in regards to the submitting.

DOT is the twentieth largest crypto, priced at $7.07 and boasting a market cap of almost $10.8 billion as of press time.

That is 21Shares’ newest effort within the crypto-related exchange-traded merchandise (ETP) sector. Along with its Bitcoin (BTC) and Ethereum (ETH) spot exchange-traded funds (ETF) within the US, the agency filed for spot Solana (SOL) and XRP ETFs and an Injective (INJ) ETP this 12 months.

‘New wave’ of crypto ETFs

Bloomberg ETF analysts Eric Balchunas and James Seyffart already anticipated a new wave of crypto ETP filings, though solely subsequent 12 months.

In keeping with their predictions, BTC-ETH blended index could be the primary new ETPs accepted, whereas Litecoin (LTC) and Hedera Hashgraph (HBAR) would come later.

Solana and XRP ETFs, then again, have unsure outcomes as their regulatory standing is unclear.

The brand new filings, together with a Hedera (HBAR) ETF filed by Canary Capital on Nov. 12, outcome from President-elect Donald Trump’s win within the US. His infamous pro-crypto stance is making ETF issuers optimistic in regards to the regulatory panorama, prompting the creation of extra merchandise.

Furthermore, Paul Atkins’ nomination as the brand new US Securities and Change Fee (SEC) added to the crypto business’s bullishness. Atkins is a recognized advocate for innovation and has been the co-chairman of the Digital Chamber’s Token Alliance since 2017.

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