Nasdaq Seeks SEC Approval for Grayscale Polkadot ETF

Nasdaq has submitted a 19b-4 filing with the US Securities and Exchange Commission (SEC) for the Grayscale Polkadot ETF today, signaling a potential new investment vehicle for institutional and retail investors.

This development follows Grayscale’s long-term plan of converting its crypto trusts into ETFs, reflecting the growing demand for regulated crypto investment products.

Grayscale’s Expanding ETF Strategy

According to the filing, Nasdaq is proposing the listing and trading of shares of the Grayscale Polkadot Trust (DOT) under its Commodity-Based Trust Shares rule.

Eric Balchunas, a senior ETF analyst at Bloomberg, shared a screenshot of the SEC filing on social media.

“Grayscale just filed for a Polkadot ETF,” the analyst wrote on Twitter.

Grayscale launched the Grayscale Polkadot Trust in 2021, providing private investors with exposure to DOT. The recent Nasdaq filing marks a significant step toward making this product publicly tradable on regulated exchanges. If the Grayscale Polkadot ETF gains approval, it could bring more liquidity and institutional adoption to the DOT ecosystem.

Moreover, the news comes as the SEC recently acknowledged filings for both the Grayscale XRP and Grayscale Dogecoin (DOGE) ETFs.