The NASDAQ has asked the Securities and Exchange Commission to list the Grassscale Polkdot Trust shares, allowing investors to track the prices of Polkdot more easily.
Nasdac Stock Market Filed According to a recent filing, a proposal with the Securities and Exchange Commission to lie and trade shares of the Grassscale Polkdot Trust under the Nasdaq Rules for Commodity-based trust shares. The Trust, sponsored by two subsidiaries of the Digital Currency Group, is to provide exposure to the native token of the Polkadot network.
Detailed in a Securities and Exchange Commission notice for filing, Federal Register Publication, Custodian as Custodian name and BNY Melon Asset Serviceing as Custodian Custody Trust Company and Administrator. Share will trade under Tikar Dot.
Polekdot fund
The fund was launched in January 2021 and only became polekadot. After the cut in each share fee, the coindsk indicates the amount of polekdot of the fund, depending on a value from the indices. Investors can trade shares in large batches instead of keeping tokens directly. According to the filing, after May 3, 2025, only Grassscale Investments will manage sponsor funds.
The decentralized platform of Polkadot uses dot for governance, adding stacking, and parashen through its relay series, a public account book that records all transactions. According to crypto.news, the price of Polkadot (DOT) is currently $ 4.37 and has experienced a dip of -6.11% and -31.2% in the last 7 days and in the last month respectively.
Adopted eclipse and increased liquidity
If the SEC approved, listing the Grassscale Polkdot Trust on Nasdaq will give traditional investors a regulated option to invest in polekdot, which will potentially increase its adoption and liquidity.
