Bloomberg analyst: The value of the Polkadot ETF will be determined by the market

21Shares has filed an S-1 registration application with the US Securities and Exchange Commission (SEC) to launch the Polkadot Trust Fund.

 

Regarding this, James Seyffart, an ETF analyst at Bloomberg, stated that the market will ultimately determine whether there is demand for spot Polkadot ETFs. He explained, "The market will determine the value and whether launching such products is valuable. If no one invests in Polkadot ETFs, they will close and people can freely launch any ETFs approved by the US Securities and Exchange Commission."