Odaily News 21Shares has submitted an S-1 registration application to the U.S. Securities and Exchange Commission (SEC) to launch the Polkadot Trust Fund. In response, Bloomberg ETF analyst James Seyffart said that the market will ultimately decide whether there is a demand for a spot Polkadot ETF. He explained: "The market will decide where the value lies and whether it is valuable to launch such a product. If no one invests money in the Polkadot ETF, it will be closed. People are free to launch any ETF approved by the U.S. Securities and Exchange Commission."