Nasdaq Pushes Back on Approval of 21Shares Polkadot ETF

The Nasdaq has extended its decision deadline for the approval of the 21Shares Spot Polkadot (DOT) ETF. This move mirrors a broader trend within the regulatory landscape of cryptocurrency-based exchange-traded funds (ETFs). Back in March 2025, Nasdaq formally filed a Form 19b-4 with the SEC seeking permission to list and trade shares of the 21Shares Polkadot Trust ETF. This request followed 21Shares’s application for registration, submitted in February 2025, where they detailed their strategy to avoid speculative trading, aiming instead to replicate DOT’s price movements. Coinbase Custody Trust Company was appointed as custodian.