BREAKING: 21Shares Files Spot ETF for Unexpected Altcoin

According to the latest development, 21Shares has filed an S-1 for the Polkadot ($DOT) ETF.

The firm has filed a registration statement with the agency for the first-of-its-kind 21Shares Polkadot Trust. The ETF will track the performance of $DOT, the native token for the Polkadot Network. Coinbase Custody Company, LLC will hold $DOT, according to the statement.

Several firms have filed to list new crypto products in the United States amid an expected change in the regulatory landscape under the Trump administration.

Former SEC Chairman Gary Gensler, for example, hesitated to approve spot Bitcoin ETF trading, but later approved it after a court ruling. A few months after the spot Bitcoin ETF approvals, the agency also green-lighted spot Ethereum ETFs.

*This is not investment advice.