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Nasdaq could soon host a new product: ETF Spot Polkadot 21shares. The investment company has just applied for SEC. Main progress in Crypto ETF! But the road is still long.
ETF Crypto Polkadot: Nasdaq officially sent a 19B-4 form to dry
With this deposit, Nasdaq can lift up and ETF Spot Polkadot of 21shares. If accepted, this crypto ETF would offer investors a regulated exposure to the polycadot. Everyone without keeping the tokens directly!
In the same throw 21 Shares continues to expand his Offer ETF CryptoEspecially with ETF on Solana and XRP. In addition, the company already offers similar products on the European market. We will mention in particular ETP 21shares Polkadot (ADOT), which is available at:
- Euronext Amsterdam;
- Euronext Paris;
- Six Swiss exchanges.
This initiative follows the wider movement with other actors as in the gray level who is also preparing ETF Spot Polkadot.
Nasdaq face to face crypt regulations
Dry plays a key role in accepting or rejecting this crypto ETF. Indeed, the US crypto regulator shows some unwillingness to approve these new digital assets. Proof: He reflected several times on the ETF XRP, Solana and Litecoin.
This regulatory caution could also affect Approval of ETF Polkadot.
Specifically, the approval of the 19B-4 form could change the situation for the ETF. If ETF Nasdaq and 21 Shares get green light, it could open the door to other digital active folders. But not only! This would also increase the demand for dowry.
Sending an ETF Crypto request: What impact on the price of a pole?
After the announcement of the deposit, the price showed a slight increase before a decrease of 1.12 %. In addition, the polkadot currently has $ 6.7 billion.
Key support levels are $ 4,322 and $ 4,129, while resistors $ 4,599 and $ 4,898 remain an obstacle to a new increase.
In any case, the deposit of ETF Spot Polkadot 21shares and Nasdaq means a new phase for institutional acceptance of the ETF Crypto. For investors it is an opportunity … and also a risky bet on the still unpredictable crypto market.
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My name is Ariela and I’m 31 years old. I have been in the area of writing a website for 7 years. I have discovered discovery and cryptocurrency for only a few years. But it is a universe that interests me a lot. And subjects treated in the platform allow me to learn more. In my free time, the singer also cultivates a great passion for music and reading (and animals!)
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The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.