NasdaqPolkadot has applied to the US Securities and Stock Exchange Commission (SEC) Grayscale on behalf of the Listing and Processing of Trust shares. Investors within the scope of the proposed rule change Polkadot (DOT) -based stock market investment product will be able to access the markets. While the SEC is unclear whether it will approve of this request, it is expected that the application is expected to increase the interest of investor in Altcoin.
Grayscale’s new step and possible effects on Polkadot
As well as known Grayscaleone of the largest corporate investment companies in the crypto currency market. The company, especially Bitcoin (BTC) $88,007.81 And Ethereum 
$2,401.84‘A (ETH) is known for its investment funds for crypto currencies with large market value.
If SEC gives approval to Polkadot Trust altcoinIt will be possible to buy and sell by corporate investors in accordance with the securities regulations of the securities.
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This approval will help Polkadot become more reliable for corporate investors. Grayscale’s previously Bitcoin and Ethereum Solana (LEFT), XRP, Zcash Similar investment instruments developed for Altcoins such as (ZEC) facilitated the access of large investors to these assets and carried their prices up. It is seen that the company follows a similar strategy for Polkadot.
How can SEC approval affect the DOT price?
If the SEC confirms Grayscale’s application, there may be a major increase in Polkadot’s market value. While such an approval increases the interest of corporate investors to Altcoin, an element of trust may occur for individual investors.
After SEC’s Trump administration Crypto Money MarketConsidering the positive change in the regulatory attitude towards, the decision is positive. At this point, it is necessary to underline that the US regulator can take weeks and months of the application to examine and evaluate the application. Experts warn that the price of DOT may rise in the process of potential approval, but that the approval decision may result in the news.
After Grayscale’s move altcoin The price of DOT has regained some of the losses caused by the impact of the decline in the market. At the time of the news, Altcoin is traded for $ 4,42 with a decrease of 6.17 percent in the last 24 hours.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
