21Shares files for a spot Polkadot ETF, marking a first as it looks to get the US SEC signoff

Exchange-traded fund-focused firm 21Shares has filed for a spot Polkadot ETF in a bid to get the U.S. Securities and Exchange Commission's greenlight.

The firm filed a registration statement with the agency on Friday for the 21Shares Polkadot Trust, marking the first of its kind. It would trade on the Cboe BZX Exchange, Inc. and would track the performance of DOT, the native token for the Polkadot Network. Coinbase Custody Company, LLC will custody its DOT, according to the statement. 

Earlier this week, Tuttle Capital filed for 10 leveraged crypto ETFs, including one tracking Polkadot. 

Several firms have filed to list new crypto products in the U.S. amid an expected change in regulatory outlook under the Trump administration. Former SEC Chair Gary Gensler was hesitant to approve spot bitcoin ETF trading, for instance, but following a court order later approved them. A few months after spot bitcoin ETF approvals , the agency also greenlit spot Ethereum ETFs.