21Shares Advances Polkadot ETF Plans with Updated SEC Filing
21Shares’ latest SEC filing signals a strategic push to bridge Polkadot’s blockchain innovation with regulated financial markets. This move highlights the expanding race for altcoin ETFs amid changing regulatory dynamics and institutional demand.
Crypto asset manager 21Shares has taken another step toward launching a spot Polkadot exchange-traded fund (ETF) by submitting an updated S-1 registration statement to the U.S. Securities and Exchange Commission (SEC) on March 6. This follows its initial application filed on Jan. 31.
The update suggests that 21Shares is actively engaging with the SEC, possibly incorporating regulatory feedback or strengthening its case for approval.
If approved, the Polkadot ETF would trade on the Cboe BZX Exchange, with Coinbase as the custodian of the DOT holdings.
This move aligns with broader industry efforts to introduce crypto-based ETFs. On Feb. 25, Grayscale also filed for a spot Polkadot ETF through Nasdaq.
Alongside its Polkadot proposal, 21Shares has recently filed for ETFs tracking Ripple (XRP) and Solana (SOL), adding to its existing Bitcoin (BTC) and Ethereum (ETH) ETF offerings.
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Thailand exploring new crypto payment Lastest news ⚡ Thailand - Finance Minister pichai chunhavajira said crypto will soon be tested as an alternative payment option to cash for the convenience of the tourists. A large chunk of Thailand revenue comes from tourism industry, and the country classifying Cryptocurrencys as Digital asset and allows its citizens to purchase, sell, Trade and Hold crypto asset.
Exciting news dropping soon! 🚨 We’re thrilled to share a major update about the Selenium Protocol that will bring new #utility to #TerraClassic. Stay tuned for what’s next! #SELE #selenium $sele #LUNC #USTC $LUNC $USTC
WEEX and Binance to Contribute to LUNC Burn Crypto exchange WEEX in a post on the X platform revealed its motive to stand firmly with the Terra Luna Classic community and the LUNC revival efforts.
The Terra Luna Classic community’s token burn campaign to reduce the LUNC circulating supply finds support of another crypto exchange. Singapore-based crypto futures trading platform WEEX announced commitment to burn 30% of LUNC trading fees, similar to Binance burning 50% of trading fees for LUNC burn mechanism
The ongoing sideways trading in the narrow range means that Terra Classic is experiencing a squeeze signalling a larger breakout in the short term.
Based on the Bollinger Bands, a tighter squeeze could validate a gigantic move in LUNC price. A successful retest of the lower boundary will prop the token for a huge leap.
FOMO is bound to kick in as LUNC climbs above the next immediate supply area at $0.0002. The move to $0.00025 and $0.0003 would be drastic and could set the pace for a parabolic rally above $0.001.
LUNC burn rate has significantly increased this month with an average daily burn of 200 million tokens. As per StakeBin data, 1.3 billion LUNC tokens were burned this week. The decline in supply has caused a more than 2% rise in futures open interest on major derivatives exchanges.
Terra Luna Classic Votes on v2.4.2 Upgrade Proposal
Software upgrade proposal “Upgrade v2.4.2” is live now for voting on the Station wallet, seeking validators and community approval to update the terrad client to v2.4.2 (upgrade name v7). If the proposal is passed, Terra Luna Classic chain will be halted at block height 17309000, expected at 14:00 UTC on March 25. The voting on the proposal closes on March 15.