21Shares has successfully registered the “21Shares Polkadot Trust” in Delaware, marking a significant milestone towards the future launch of a Polkadot (DOT) Exchange-Traded Fund (ETF). This registration reflects the company’s deliberate efforts to provide investors with easier access to Polkadot, a cryptocurrency known for its ability to facilitate interoperability across multiple blockchain systems.
While 21Shares has not yet made an official statement regarding this registration, their previous introduction of related products for Bitcoin and Ethereum suggests a clear intention to capitalize on the increasing institutional interest in cryptocurrencies.
The registration of the Polkadot Trust in Delaware aligns with the evolving regulatory landscape in the United States, which has been influenced by President-elect Donald Trump’s pro-crypto stance. Anticipated regulatory clarity and support will facilitate the entry of crypto-oriented investment products, including a potential Polkadot ETF, into the market.
The growing demand for Polkadot aligns with the institutional appetite for blockchain technology, which aims to enhance scalability and connectivity. By registering the Polkadot Trust, 21Shares is actively addressing these market needs, potentially opening up 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, which will introduce Elastic Scaling to improve blockchain scalability and performance. This development underscores the project’s commitment to remain at the forefront of blockchain innovation.
Furthermore, Alchemy Pay’s collaboration with Polkadot to enable DOT transactions across 173 countries and over 50 fiat currencies further demonstrates the increasing impact of Polkadot in the global cryptocurrency scene.
At the time of writing, DOT is being traded at approximately $7.59, experiencing a 12.86% increase in the last 24 hours and pushing its market cap above $11.5 billion.