Swiss digital asset manager 21Shares has registered a Polkadot Trust in Delaware, allowing accredited investors to gain exposure to the smart contract network. Despite Polkadot's lower popularity compared to competitors like Solana and XRP, 21Shares is optimistic about the network and launched the first Europe-based exchange-traded product for Polkadot in 2021. The move reflects the positive sentiment among asset managers regarding crypto-focused investment products, driven by the success of Bitcoin and Ethereum exchange-traded funds (ETFs). BTC and ETH ETFs have seen significant inflows this year, with experts predicting continued growth in 2022. However, altcoins like XRP and Solana may face challenges in obtaining ETF approval until regulatory clarity is achieved.
Content Editor
( cryptopolitan.com )
- 2024-12-19
21Shares registers Polkadot Trust in Delaware