Nasdaq files to list Grayscale Polkadot Trust Shares

The NASDAQ asked the Securities and Exchange Commission to list the actions of Polkadot Trust in gray levels, allowing investors to follow the prices of Polkadot more easily.

Nasdaq stock market laid A proposal from the Securities and Exchange Commission to register and negotiate the actions of the Polkadot trust in gray levels under the Nasdaq rule for the actions of trust based on raw materials, according to a recent file. The Trust, sponsored by two subsidiaries of the digital currency group, aims to provide an exhibition to Polkadot, the native token of the Polkadot network.

The deposit, detailed in a notice of the Securities and Exchange Commission for the publication of the Federal Register, appoints Coinbase Pustody Trust Company as a goalkeeper and Bny Mellon Asset Servicing as an administrator. The actions will be negotiated under the point of Ticker.

The Polkadot Fund

The fund was launched in January 2021 and only holds Polkadot. Each action reflects the amount of Polkadot that the fund holds, on the basis of a price of the Coindesk indices after deduction of the costs. Investors can exchange stocks in large batches rather than holding the tokens directly. According to the file, after May 3, 2025, only sponsors of gray level investments will manage the fund.

Polkadot’s decentralized platform uses DOT for governance, jalitude and connection of parachians via its relay channel, a large public book recording all transactions. According to Crypto.News, Polkadot (POINT) is currently at a price of $ 4.37 and experienced a drop of -6.11% and -31.2% in the last 7 days and in the last month, respectively.

Increased adoption and liquidity

If the dry approves, the list of the Polkadot trust in gray levels on the Nasdaq would offer traditional investors an option regulated to invest in Polkadot, potentially Increase and liquidity.