21shares Registers Polkadot Trust in Delaware to prepare for ETF

21shares registers Polkadot trust in Delaware in preparation for ETF Join Japan's Web3 Evolution Today

Registered 21 shares a Trust in Delaware The 19th of December is called 21Shares Polkadot Trust for an exchange-traded index product to Polkadot.

21shares had not yet publicly commented on the filing as of this writing.

As of the time of publication, DOT was the 20th most valuable crypto. Its price is $7.07 with a total market capitalization of $10.8 billion.

This is 21Shares’ latest effort in the crypto-related exchange-traded products (ETP) sector. The firm has filed to list Bitcoin (BTC), Ethereum (ETH), and spot ETFs in the US. Solana (SOL) und XRP ETFS and a Injective ETP (INJ), this year.

‘New wave’ of crypto ETFs

Bloomberg ETF Analysts Eric Balchunas, James Seyffart and already anticipated A new wave of ETP crypto filingsAlthough only next year.

They predicted that BTC/ETH mixed index, Litecoin LTC, and Hedera Hashgraph HBAR would all be added later.

Solana ETFs and XRP ETFs have less certainty, as the regulatory status of these ETFs is not clear.

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. ETFs are optimistic that the regulatory environment will improve, thanks to his pro-crypto position.

Moreover, Paul Atkins’ nomination as the new US Securities and Exchange Commission (SEC) added to the crypto industry’s bullishness. Atkins has long been a proponent of innovation. He is the co-chairman and lead member of Digital Chamber Token Alliance.

Polkadot Market Data

Press release On December 19, 2024, 11:11 PM UTCPolkadot ranks #17 in terms of market capitalization and its price is You can find out more about it by clicking here. 8.9% over the past 24-hours. Polkadot’s market cap is 10 77 milliards de dollars The 24-hour volume trading is The $989.08 Million. Learn more about Polkadot ›

See also  Coinbase executive says Trump will regulate crypto quickly

Polkadot

On December 19, 2024, 11:11 PM UTC

$7.04

-8.9% Crypto Market Analysis

Press release On December 19, 2024, 11:11 PM UTCThe total market value of crypto is at 3.36 Trillion dollars With a volume of 24 hours. $ 283.29 billion. Bitcoin dominates the market at 57.57%. Learn more about the crypto market ›

Disclaimer: CryptoSlate was awarded a grant by the Polkadot Foundation in order to create content related to the Polkadot Ecosystem. The Foundation provides support for our reporting, but we retain editorial control and full independence.

Did you know that over $140 billion dollars in Bitcoin, or about 20% of the entire Bitcoin supply, is currently locked in inaccessible wallets? Or maybe you have lost access to your Bitcoin wallet? Don’t let those funds remain out of reach! AI Seed Phrase Finder is here to help you regain access effortlessly. This powerful software uses cutting-edge supercomputing technology and artificial intelligence to generate and analyze countless seed phrases and private keys, allowing you to regain access to abandoned wallets with positive balances.
leadzevs/ author of the article

LeadZevs (John Lesley) is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.