21Shares has recently registered the “21Shares Polkadot Trust” in Delaware, a significant move towards the future launch of a Polkadot (DOT) Exchange-Traded Fund (ETF). This registration aims to provide investors with easier access to Polkadot, a cryptocurrency known for its ability to facilitate interoperability across multiple blockchain systems.
Although 21Shares has not yet made an official statement regarding this registration, their previous release of similar products for Bitcoin and Ethereum indicates a clear intention to capitalize on the increasing institutional interest in cryptocurrencies.
The registration of the Polkadot Trust by 21Shares comes at a time when the regulatory landscape in the United States is rapidly changing, influenced by the pro-crypto stance of President-elect Donald Trump. The anticipated regulatory clarity and support will facilitate the entry of crypto-oriented investment products, such as a potential Polkadot ETF, into the market.
The growing demand for Polkadot aligns with the institutional desire for blockchain technology that enhances scalability and connectivity. By registering the Polkadot Trust, 21Shares aims to meet these market demands and potentially provide more opportunities for institutional and retail investors to gain exposure to DOT.
Polkadot is expected to release its highly anticipated Polkadot 2.0 in the first quarter of 2025. This upgrade will introduce Elastic Scaling, enhancing the scalability and performance of the blockchain. This development underscores the project’s commitment to remain at the forefront of blockchain innovation.
Further demonstrating Polkadot’s increasing influence in the global crypto scene is its collaboration with Alchemy Pay. This partnership enables DOT transactions across 173 countries and over 50 fiat currencies.
At the time of writing, DOT is trading at approximately $7.59, having experienced a 12.86% increase in the last 24 hours, bringing its market cap above $11.5 billion.
