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

ChainCatcher news, 21Shares has submitted an S-1 registration application to the U.S. Securities and Exchange Commission (SEC) to launch a Polkadot trust fund.

In response, Bloomberg ETF analyst James Seyffart stated that the market will ultimately determine whether there is demand for a spot Polkadot ETF. He explained, "The market will determine where the value lies and whether it is worthwhile to launch such products. If no one invests in the Polkadot ETF, it will shut down. People are free to launch any ETF approved by the U.S. Securities and Exchange Commission."