I took 21 Shares, a company specialized in digital asset management, another step towards launching a ETF on polykadot (dot).
On March 6, the company submitted an update to the S-1 registration request to the United States Securities and Exchange Committee (SEC), initially January 31.
This update indicates this 21 shares actively cooperate with SECYou may respond to clarification requests or improve the file in light of approval.
If accepted, ETF will be included on Polkadot on CBOE BZX Exchangewith Coinbase as the guardian From point reserves.
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The application By 21shares is part of a wider direction in the financial sector towards EtFS Cryptocurrency backed physically. on February 25and ashen He also applied for ETF Polkadot, suggested that he be included on the Nasdaq Stock Exchange.
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In addition to Polkadot, 21shares recently submitted requests for ETFS based on Ripple (XRP) and Solana (SOL), which would complete the offers already available on Bitcoin (BTC) and ETHEREM (ETH).
ETF can be entered directly to Polkadot It greatly affects the market.
The goal of the Polkadot project is to become a leading multi -operating operating network, allowing the observation to communicate with each other efficiently.
and An increase in institutional adoption ETF can prefer Polkadot position on the market and enhance its long -term stability. However, the project faced Strong price fluctuations and doubts between investors.
according to Data from CoingeckoDOT decreased 56 % last year And reduce 2.9 % last month.
This makes the product more vulnerable to fluctuations. In the document submitted to the Supreme Education Council, 21 Shares admitted that ETF performance will follow direct market movements in Polkadot.
Analyst Bloomberg ETF, James SevartHe stressed that ETF’s success is on polkadot It will depend mainly on investor requests. “If no one invests in the box, it will be closedClear.
Organization and doubts about the state of the point
In addition to market dynamics, organizational uncertainty is another important element. SEC has not yet clarified whether Dot should be considered financial security under American legislation.
To avoid strict regulation excessively, Web3 FoundationWhich oversees the development of Bolkadot, carried out some preventive measures. Among these:
- – Excluding purely speculation investments by investment capital
- – Focus more on technology and ecological system, Polkadot Instead of the distinctive code value
These measures aim to Enhancing the decentralized nature of the pointReducing the risk of control by one entity or group.
An additional main factor for the future of Polkadot is Polkadot 2.0 launchIt is scheduled for The first quarter of 2024.
This new version is presented Improvements on expansion and access to developersIn order to encourage increased network adoption.
Currently, first Testnet is active on kusamaAllow programmers to test innovations before the official launch.
Meanwhile, organizational developments can affect the approval of the investment funds circulating on Criptovalute. on January 20Chairman of the Board of Directors Gary Ginsner resignedPaving the way for a possible transformation in the digital investment sector.
Jinsler was known to him A cautious attitude towards digital assetsHis departure coincides with a wave of new ETF requests.
For example, like companies like Osprey funds and Rex shares I recently made proposals for ETFS on emerging cryptocurrencies such as Dogecoin (DOGE), official Trump (Trump), and Bonk (Bonk).
New Strategies for Investment Funds: Stokeing and Market Expansion
Another innovation in this sector comes again from 21shares, which suggested incorporating Adhere to ETF on Ethereum.
The company asked SEC to The timing of ETH is kept by the boxAllow investors to earn bonuses negatively.
If this strategy is approved, it can The road paves the way for the investment funds circulating in the cryptocurrency that includes the mechanisms of the returnIncrease the attractiveness of these financial products.
Parallel, SEC granted initial approval for innovative investment funds like those Bitwise Asset Managementany It combines exposure to Bitcoin And ethereum in one box.
This approach confirms increasing interest in organizing financial tools on the basis of digital assets.
the The demand for investment funds in encryption is increasingAnd financial institutions expand their offers to include a A wide range of digital assets.
However, the organizational path remains in part, and the success of these tools will depend on Investors and the decisions of the Supreme Education Council.
The ETF request on Polkadot is an important step in this process.
If approved, it may be a A turning point for institutional accreditation of a point And confirm the interest of the financial sector in More integration between traditional markets and encrypted currencies.
