Crypto asset manager 21Shares has submitted an updated S-1 application for a Polkadot exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). This comes after the initial application was filed over a month ago, suggesting that the update may address SEC feedback or provide additional information. This filing follows Grayscale's filing to list a spot Polkadot ETF with the SEC in February. The submissions by both companies reflect a growing trend of asset managers seeking SEC approval for crypto ETFs. Additionally, the Polkadot price appears to be forming a bullish reversal pattern on the weekly chart, and the upcoming launch of Polkadot 2.0 in Q1 could further support its price.



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