21Shares applies to launch spot Polkadot ETF

According to The block, 21Shares, a company focusing on exchange-traded funds, submitted an S-1 registration application to the U.S. Securities and Exchange Commission (SEC) and plans to launch the Polkadot Trust Fund. It will be traded on Cboe BZX Exchange, Inc. and will track the performance of Polkadot Network's native token DOT. According to the statement, Coinbase Custody Company, LLC will custody its DOT. Earlier this week, Tuttle Capital applied for 10 leveraged cryptocurrency ETFs, including one that tracks Polkadot.