21Shares applies to launch spot Polkadot ETF

According to The Block, 21Shares, a company specializing in exchange traded funds, has submitted an S-1 registration application to the US Securities and Exchange Commission (SEC) with plans to launch the Polkadot Trust Fund. It will be available on Cboe BZX Exchange, Trade on Inc. and track the performance of Polkadot Network's native token DOT. According to the statement, Coinbase Custody Company, LLC will host its DOT. Earlier this week, Tuttle Capital applied for 10 leveraged cryptocurrency ETFs, including one tracking Polkadot.