21shares registers Polkadot trust in Delaware in preparation for ETF 21shares registers Polkadot trust in Delaware in preparation for ETF
The filing is a potential DOT-indexed exchange-traded fund, a part of a wave of new ETFs expected by analysts.
1 min read
Updated: Dec. 19, 2024 at 11:11 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
21shares registered a trust in Delaware on Dec. 19, calledย the 21Shares Polkadot Trust, for a potential exchange-traded product indexed to Polkadot (DOT).
As of press time, 21shares has not spoken publicly about the filing.
DOT is the 20th largest crypto, priced at $7.07 and boasting a market cap of nearly $10.8 billion as of press time.
This is 21Shares’ latest effort in the crypto-related exchange-traded products (ETP) sector.ย In addition to its Bitcoin (BTC) and Ethereum (ETH) spot exchange-traded funds (ETF) in the US, the firm filed for spot Solana (SOL) and XRP ETFs and an Injective (INJ) ETP this year.
‘New wave’ of crypto ETFs
Bloomberg ETF analysts Eric Balchunas and James Seyffart already expected a new wave of crypto ETP filings, although only next year.
According to their predictions, BTC-ETH mixed index would be the first new ETPs approved, while Litecoin (LTC) and Hedera Hashgraph (HBAR) would come later.
Solana and XRP ETFs, on the other hand, have uncertain outcomes as their regulatory status is unclear.
The new filings, including a Hedera (HBAR) ETF filed by Canary Capital on Nov. 12, result from President-elect Donald Trump’s win in the US.ย His notorious pro-crypto stance is making ETF issuers optimistic about the regulatory landscape, prompting the creation of more products.
Moreover, Paul Atkins’ nomination as the new US Securities and Exchange Commission (SEC) added to the crypto industry’s bullishness.ย Atkins is a known advocate for innovation and has been the co-chairman of the Digital Chamberโs Token Alliance since 2017.
Polkadot Market Data
At the time of press 11:11 pm UTC on Dec. 19, 2024, Polkadot is ranked #17 by market cap and the price is down 8.9% over the past 24 hours. Polkadot has a market capitalization of $10.77 billion with a 24-hour trading volume of $989.08 million. Learn more about Polkadot ›
Crypto Market Summary
At the time of press 11:11 pm UTC on Dec. 19, 2024, the total crypto market is valued at at $3.36 trillion with a 24-hour volume of $283.29 billion. Bitcoin dominance is currently at 57.57%. Learn more about the crypto market ›
Disclaimer: CryptoSlate has received a grant from the Polkadot Foundation to produce content about the Polkadot ecosystem. While the Foundation supports our coverage, we maintain full editorial independence and control over the content we publish.
Mentioned in this article
Posted In: Bitcoin, Ethereum, Litecoin, Polkadot, Solana, XRP, US, Crypto, ETF, Featured, Price Watch
Author 
Gino Matos
Gino Matos is a law school graduate and a seasoned journalist with six years of experience in the crypto industry. His expertise primarily focuses on the Brazilian blockchain ecosystem and developments in decentralized finance (DeFi).
Latest US Stories
Latest Bitcoin Stories
Latest Press Releases
Featured Story
Advertise Here
In this article
Polkadot development is on track to deliver the most robust platform for security, scalability, and innovation.
Bitcoin
$97,556.19
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ethereum
$3,399.79
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Solana
$190.905
Solana is a high-performance blockchain platform that utilizes a unique consensus algorithm called “Proof of History” to achieve fast transaction speeds and low fees.
XRP
$2.23867
Theย XRP Ledgerย is a decentralized cryptographic ledger powered by a network of peer-to-peer servers.
Injective
$21.0670
Injective is an open interoperable smart contracts platform optimized for decentralized finance applications.
Litecoin
$96.9289
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world.
Hedera
$0.26774
The Hedera hashgraph platform provides a new form of distributed consensus; a way for people who don’t know or trust each other to securely collaborate and transact online without the need for a trusted intermediary.
21shares
21Shares is a Swiss provider of crypto- currency exchange-traded products (ETPs).
Donald John Trump was born on June 14, 1946, in Queens, New York City.
Paul Atkins is a prominent lobbyist, business leader, and former government official with extensive experience in financial regulation.