21Shares Files For Polkadot Trust Fund With SEC

According to Odaily, 21Shares has submitted an S-1 registration application to the U.S. Securities and Exchange Commission (SEC) to launch a Polkadot Trust Fund. Bloomberg ETF analyst James Seyffart commented on the development, stating that the market will ultimately determine the demand for a spot Polkadot ETF. He explained that the market will assess the value and viability of such products, noting that if no investments are made into the Polkadot ETF, it will be closed. Seyffart emphasized that individuals are free to launch any ETF approved by the SEC.