US securities exchange Nasdaq has requested to list a Grayscale exchange-traded fund (ETF) holding the Polkadot network\u2019s native token, DOT (DOT<\/a>), filings showed.\u00a0If approved, the Grayscale Polkadot Trust would add to the asset manager\u2019s expanding suite of publicly traded crypto funds.\u00a0<\/p>\n The filing<\/a> adds to the litany of applications with the US Securities and Exchange Commission by exchanges and asset managers seeking to list ETFs tied to alternative cryptocurrencies, or altcoins.<\/p>\n The SEC must review and approve the filings before trading can commence.<\/p>\n Nasdaq proposal to list and trade Grayscale\u2019s Polkadot Trust. Source: <\/em>Nasdaq<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n Related: <\/strong><\/em>Grayscale launches Pyth investment fund<\/strong><\/em><\/a><\/p>\n <\/advertisement><\/p>\n Grayscale already lists two spot Bitcoin (BTC<\/a>) ETFs and a spot Ether (ETH<\/a>) ETF. It is also seeking to list ETFs holding Solana (SOL<\/a>), Litecoin (LTC<\/a>), XRP (XRP<\/a>), Dogecoin (DOGE<\/a>) and Cardano (ADA<\/a>).\u00a0<\/p>\n Additionally, the asset manager is seeking permission to list an ETF holding a diversified basket of cryptocurrencies<\/a>, including several altcoins.\u00a0<\/p>\n Grayscale operates dozens of single-asset crypto funds that are not traded on public exchanges.\u00a0<\/p>\n In February, the company launched an investment fund for the Pyth Network\u2019s native token<\/a>. In January, it launched a non-listed investment fund for Dogecoin, the most popular memecoin by market capitalization.\u00a0<\/p>\n In December, Grayscale launched two new investment funds for Lido and Optimism\u2019s governance tokens \u2014 LDO (LDO<\/a>) and OP (OP<\/a>), respectively.<\/p>\n Grayscale\u2019s single-asset crypto products. Source: <\/em>Grayscale<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n Related: <\/strong><\/em>SEC acknowledges filing for Grayscale\u2019s spot Cardano ETF<\/strong><\/em><\/a><\/p>\n Grayscale is among upward of half a dozen asset managers seeking the SEC\u2019s approval to list altcoin ETFs. Other issuers have proposed ETFs for altcoins, including Hedera (HBAR<\/a>) and Official Trump (TRUMP).\u00a0<\/p>\n Asset manager 21Shares is also seeking to list a Polkadot ETF. <\/p>\n Issuers are also waiting on SEC approval for proposed changes to existing ETFs, including allowances for staking, options and in-kind redemptions.\u00a0<\/p>\n The SEC softened its stance on cryptocurrency after US President Donald Trump started his second term. <\/p>\n Under former President Joe Biden, the federal agency brought upward of 100 lawsuits against crypto firms, alleging various securities law violations. In 2024, the SEC approved spot Bitcoin and Ether ETFs but stymied proposed ETFs tied to other cryptocurrencies.\u00a0<\/p>\n Bloomberg Intelligence<\/a> has set the odds of an XRP ETF approval in the US at 65%. Its estimates for Litecoin and Solana ETF approval odds are even higher, at 90% and 70%, respectively. <\/p>\n Magazine:\u00a0<\/strong><\/em>Unstablecoins: Depegging, bank runs and other risks loom<\/strong><\/em><\/a><\/p>\n <\/p>\n<\/div>\nGrayscale\u2019s ETF expansion<\/h2>\n
Crypto ETF filings proliferate<\/h2>\n