Tag: Grayscale

Grayscale Pursues SEC Approval for Polkadot ETF on Nasdaq

Grayscale is pushing for a Polkadot ETF on Nasdaq, with the SEC reviewing the application. Polkadot is currently $4.35.



Grayscale Investments, a big name in crypto assets, is aiming to launch a Polkadot (DOT) ETF. They’ve officially filed with Nasdaq to list and trade shares of the Grayscale Polkadot Trust. The SEC now has 45 days to decide whether to approve, reject, or extend the review.

Grayscale already has Ethereum and Bitcoin ETFs, and now they want to include Polkadot on the list as well. This is just days after 21Shares, which is another company that trades cryptocurrency, filed an application for a Polkadot ETF last month. If approved, it will further expose and invest in Polkadot.

Polkadot is currently priced at $4.35 and has fallen by 6.7% in the past 24 hours with the entire cryptocurrency market under bearish pressure.

This comes at a time when the SEC has become more friendly toward crypto, especially since the Trump era. They’ve dropped investigations on platforms like Robinhood and OpenSea, which might make it easier for projects like Grayscale’s to move forward.

While the decision is still in the works, if the SEC gives the green light, Polkadot could see a major boost in the market with more investors jumping on board. Fingers crossed!

Also Read: Nansen Joins TRON as a Super Representative, Boosting Blockchain Transparency

Grayscale Portfolio Surges 85% Driven by Altcoins’ Triple-Digit Gains


Grayscale’s crypto portfolio absolutely popped off in November, with up by 85%, thanks to altcoins like Stellar (XLM) soaring 469%, XRP jumping 262%, and Decentraland (MANA) gaining 105%. Ripple-SEC buzz, ETF hype, and metaverse vibes fueled fire into the action. With Bitcoin dominance dropping, analysts say the altcoin party could keep going into next year.

November was wild for Grayscale’s crypto holdings, skyrocketing 85%, all thanks to some insane altcoin gains. Stellar (XLM) crushed it with a 469% jump, powered by major adoption hype and market love. XRP was not that far though, flexing a 262% boost, with Ripple’s SEC drama cooling off and whispers about a possible XRP ETF.

Then there’s Decentraland’s MANA, climbing 105% as metaverse projects started turning heads again. All this action has the altcoin market heating up, especially as Bitcoin dominance dipped below its usual support levels—a classic signal for altcoin runs.

Crypto experts think the party’s just getting started. With Bitcoin’s halving around the corner and SEC Chair Gary Gensler stepping down in January, altcoins like XRP could get another big boost. Oh, and there’s talk about a pro-crypto SEC leader taking over, which might mean smoother roads for crypto ETFs.

Bottom line? Investors are shifting Bitcoin gains into altcoins, and the vibes are high for an extended altcoin season heading into next year.

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