The requests for requests for ETF focused on cryptocurrencies with the Securities and Exchange Commission (SEC) have been linked in recent weeks. It is now the turn of the 21Shares active manager, which already emits ETF Bitcoin and Ethereum, to offer its new ETF Crypto with unpublished looks.
Like Dogecoin (Doge), Bonk or Trump, the turn of the Polkadot (dowry) to have his ETF?
At the end of January, the asset manager 21Shares filed an S-1 form to the Securities and Exchange Commission (SEC) in order to issue An ETF focused on the Polkadot (dowry). If it came to emergence, the 21Shares Polkadot Trust would be a dowry focus, that it would be possible to negotiate on the Chicago Board Options Exchange, the CBOE.
Basically, Polkadot is a protocol worn by Gavin Wood, one of the people who founded Ethereum alongside Vitalik Buterin. This layer 0 brings together several blockchains each with their specificity in a single unified network. In order to complete the protocol, a cryptocurrency has been associated with it, The dowry.
💡 How to invest in the Pokladot (dot)?
This crypto is said to be “inflationary”. This means that there are no maximum number of tokens in circulation, and its inflation varies depending on the number of dowry locked in stations. Cryptocurrency is used mainly for the governance of the network with which it is associated, for stuking and for the integration of the parachains that make up the protocol.
According to Coingecko data, the capitalization of the dowry exceeds the $ 7 billionwhich places it without concern in the top 30 of the classification of cryptocurrencies according to their capitalization. During the current Polkadot, it is possible to negotiate the token at the price of $ 4.75.
In addition to 21Shares, Tuttle Capital also deposited A request for the issue of an ETF Polkadot Spot. It is accompanied by 9 other Crypto ETF requests based on Bitcoin (BTC), Ether (Eth), Solana (soil), but also on the same as Bonk, Dogecoin (Doge), Trump Or the Melania.
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Requests for crypto ETF are multiplying, the dry will soon have to rule
Since the inauguration of Donald Trump as 47th President of the United States, several asset managers have not been asked to deposit Their request for issuing new ETF focused on cryptocurrencies.
In question, in -depth remodeling of the administration of the dry. With the resignation of Gary Gensler from his post as president of the agency, the one whose conservative position in terms of cryptocurrencies are no longer to prove was replaced by Mark Uyeda.
This is only a temporary measure since Paul Atkins, appointed by the American president, is waiting for The United States Senate validates this decision To recover this post of manager.
📰 In the news – Soon an ETF Ripple (XRP) at Grayscale?
For many analysts, asset managers multiply ETF requests based on various and varied cryptocurrencies To test the limits of the new dry administration. Since January 20, only the Bitwise ETF combining Bitcoin and Ethereum has been approved by the agency.
However, in the coming weeks, the regulatory authority will be brought to decide on all of these requests. If it came to approve them, the cryptocurrency market could experience a lively upheaval.
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Source: Securities and Exchange Commission
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Investments in cryptocurrencies are risky. There is no guaranteed high yield, a product with high performance potential implies a high risk. This risk taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital
Surprised by the rise of cryptocurrencies at the end of the 2010s, I started to follow from near this sector which fascinates me at the highest point. When I am not in football, rugby or handball room stadiums, I brought myself to write relevant articles around cryptocurrencies and more broadly, of the web3.
Zacharie Tazrout
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