21Shares has recently registered the “21Shares Polkadot Trust” in Delaware, which is a significant step 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 enable interoperability across multiple blockchain systems.
Although 21Shares has not yet issued an official statement regarding this registration, their previous release of similar products for Bitcoin and Ethereum suggests a clear intention to capitalize on the growing institutional interest in cryptocurrency.
The registration of the Polkadot Trust by 21Shares comes at a time when the regulatory environment in the United States is undergoing rapid changes, 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 increasing demand for Polkadot aligns with the institutional appetite for blockchain technology, which aims to enhance scalability and connectivity. By registering the Polkadot Trust, 21Shares aims to meet these market needs and potentially provide more opportunities for institutional and retail investors to access DOT.
Polkadot is expected to release its highly anticipated Polkadot 2.0 in the first quarter of 2025, which will introduce Elastic Scaling to improve blockchain scalability and performance, as previously highlighted. This development underscores the project’s commitment to remain at the forefront of blockchain innovation.
Furthermore, the collaboration between Polkadot and Alchemy Pay to enable DOT transactions across 173 countries and over 50 fiat currencies further demonstrates Polkadot’s growing influence in the global crypto scene.
At the time of writing, DOT is trading at approximately $7.59, registering a 12.86% increase in the past 24 hours and pushing its market cap above $11.5 billion.