Asset management firm 21Shares has officially filed with the SEC to introduce a spot Polkadot exchange-traded fund (ETF).

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The proceeds of the Loan are to be used for accounts payable and for general working capital purposes.

According to a Jan. 31 filing with the SEC, 21Shares intends to launch a spot Polkadot exchange-traded fund (ETF), four years on after launching the first Polkadot ETP in the world in Europe in 2021.