The 21Shares Investment Management Company has provided its S-1 registration statement for the Polkadot ETF display with the US Securities and Stock Exchange Committee (SEC). This box, which focuses on Dot, is one of the unconventional Crypto ETF apps provided to the regulator this week.
21 Shares Polkadot Etf
According to S-1 file21shares said that the company plans to narrate Polkadot ETF on the exchange of CBOE BZX. The asset manager indicated that the fund is a negative investment that does not seek to generate returns that exceed the dot price tracking. He explained that, 21shares said that this money model means that it will not sell speculating a point when the price is high and purchase when it is low.
The potential investors have informed that it will not follow its investment goals through the leverage products or derivatives. After excluding these measures, she said she would just track the price of Dot as shown in the CME CF Polkadot-Dollar reference rate.
In addition to these updates, 21shares said it will click on Coinbase Custody Trust Company, LLC as the guardian of the ETF product if approved. The asset manager highlighted the main technical strengths of Bolkadot as part of the S-1 file.
The director of the protocol assets as the computing platform distributed on the Internet, is decentralized, working on a counterpart to an counterpart.
Polkadot Etf is one of the many
This deposit 21 Shares is the second time that the company has been shown on the ETF front this week. As mentioned earlier, CBOE exchange The Solana 19B-4 application re-app Besides those in Vaneck, Canary Capital and BitWise.
After 21 companies, the ETF scene is heated at a very fast pace. Besides XRP and Solana ETF files, assets such as Dogecoin, Trump and Bonk get, among other things, on ETF files.
previously, A gray of trust is presented With the United States again. This Grayscale Dogecoin Trust is an institutional product that focuses on the investor that may develop into the entirely circulated investment funds at a later time. According to the rate of deposits, analysts believe that exporters are testing the regulatory limits of American organizations.
Early signs of Sec pivot
Since the opening of President Donald Trump, the regulatory islands have changed. First, Mark Oida was appointed as the prosecutor in the United States. Caroline Fam also took advantage of the Chairman of the CFTC futures trading committee.
Indeed, both showed signs of willingness to tighten the encryption industry. Besides creating the encryption squad, Mark Uyeda SEC highlighted the first ETF digital currency product.
the bitcoin bitcoin and ethereum etf Approval of size, and putting a pace for other related offers on the market. With this previous, speculation is that most of the newly presented Crypto ETF products will work on the approval of the bags.
Godfrey Benjamin
Benjamin Jodfrey is a blockchain lover and journalists who enjoy writing about the real life applications of Blockchain technology and innovations to pay public acceptance and complementarity all over the world for emerging technology. His desires to educate people about encrypted currencies inspire his contributions to the media and the famous Blockchain sites. Benjamin Jodfrey is a fan of sports and agriculture. Follow it xand LinkedIn
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