21Shares have presented the S -1 application updated for the Spot Polkdot Exchange -Trade Fund to the US Securities and Exchange Commission, with the initial application filed a month ago.
There is 21Shares Presented An updated version of its S -1 application for SEC for SEC for SEC for SEC, 6 March. Crypto asset manager was earlier Presented S -1 registration details to SEC for a spot Polkdot ETF on 31 January. The march filing is an updated version of that initial application, possibly addressing the response from SEC or providing additional information.
The filing joins Grassscale in 21Shares, with a spot to list a spot Polkadot ETF with SEC via Nasdaq on 25 February.
21shares and Poolkadot ETF filing by Grassscale are part of a comprehensive trend where asset manager Crypto is seeking SEC approval for ETFs. 21Shares have also recently filed the ETFS targeting ripple (XRP) and Solan (SOL) to target. For its existing offerings, 21Shares currently provides the number of bitcoins (BTC) and Ethereum (Eth) ETFs, as well as many exchange-traded products.
Meanwhile, the dot price has formed a falling wedge pattern on the weekly chart, a rapidly inverted setup that converts to a narrow range by lower high and lower climb. In other words, the distance between high and climb is decreasing, which means that the decline rate is slowing down. This suggests that the vendors are losing speed, and a breakout may be adjacent. If the dot breaks above the local resistance area of approximately $ 10, this will confirm the wedge brakeout. The significant support level is around $ 4, which if crossed, will invaluate the pattern, potentially withdraw the dot at $ 3.60 in the previous major support. At the press time, the dot is trading at around $ 4.5, with a 24 -hour volume, according to the quantity of more than $ 255 million, Coinmarketcap,
In addition to the possible approval of the polecadot ETF by SEC, the dot price can be provoked by the launch of the Polkdot 2.0 in Q1 of this year, a major upcoming upgradation for the Polkdot network that is designed to increase its scalability and developer access. An initial Testnet version is already available on Kusma Network, allowing developers and users to respond and respond to new features before official release.
