Cryptocurrency markets are on fire as Trump’s statements manage to shake the entire market. Meanwhile, companies focused on medium and long-term goals continue their ongoing efforts.
21Shares Files for DOT Coin ETF
21Shares has just submitted a new ETF application. Following numerous applications for various altcoins, efforts are now underway to file for lesser-known altcoins. The application for DOT Coin is the first of its kind, aiming to kickstart the timeline in a world where the new SEC administration has begun approving altcoin ETFs.
Hope for Approval from the New SEC
Today’s application may represent the ETF that will be approved in 6-8 months, as 21Shares is quite hopeful regarding the new SEC under Paul Atkins. Mark Uyeda and Hester, who currently provide statements supporting the view that altcoins are not securities, are already part of the SEC’s interim management.
The submission of more ETF applications for DOT Coin could support an increase in the altcoin’s price. On the other hand, these applications are less valuable compared to last year’s submissions, as over 33 applications have accumulated for various cryptocurrencies, including BONK Coin. This normalizes the ETF process in the charts.
