Grayscale Files for $DOT ETF with Nasdaq, Second Polkadot ETF Application This Year

Grayscale Investments has filed for a spot Polkadot ETF with Nasdaq, aiming to expand its offerings in the cryptocurrency market. The filing, which was made on February 25, 2025, seeks approval from the U.S. Securities and Exchange Commission (SEC) to list and trade shares of the Grayscale Polkadot Trust ($DOT).

This move follows Grayscale's recent filings for ETFs related to XRP and Cardano, indicating a strategic push to diversify its crypto ETF portfolio. The SEC has a 45-day review period to assess the application, which could be approved, disapproved, or extended. This is the second Polkadot ETF application submitted this year.

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