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We’ve rounded up the myriad of crypto ETF plans issuers are dreaming up, and launching.
The proposals proceed to maneuver past ones targeted on solana, XRP and litecoin.
An replace from yesterday: A 19b-4 submitting from Nasdaq alerts Grayscale Investments’ intent to supply a Polkadot ETF. 21Shares put out the same proposal just a few weeks again.
Polkadot (DOT) has a market cap of practically $7 billion, rating it twenty sixth amongst crypto belongings.
The submitting shouldn’t be a proposal for Grayscale to transform one in every of its present trusts to an ETF wrapper, prefer it had accomplished with its bitcoin and ether merchandise. That’s as a result of it doesn’t but have a belief investing in DOT.
I beforehand wrote about how Grayscale traditionally first goes with personal placement launches for accredited buyers earlier than acquiring public quotations for unrestricted shares and making the merchandise SEC-reporting firms. The conversion to an ETF is the ultimate step.
Grayscale skipped the preliminary steps upon submitting for a Cardano ETF. Talking of that product, the SEC acknowledged it in a Monday submitting, noting the company would solicit feedback on the proposal.
