Polkadot's ETF journey has taken another step forward. 21Shares submitted the 6th revision of the Polkadot ETF application to the SEC on January 20, 2026, incorporating a lot of regulatory feedback in this update.



From the document, several key points are worth noting. First, this ETF plans to be listed on Nasdaq, with the trading symbol PDOT. The management fee is set at 0.21%, indicating a long-term product positioning and no intention to pursue a low-margin, high-volume strategy.

Another detail is that the document has been updated in accordance with the GENIUS Act. But the most eye-catching aspect is the staking plan—proposing to allocate 40 to 70% of DOT for on-chain staking. This means that once the product is launched, a significant amount of tokens will participate in validating the Polkadot network.

In terms of process progress, this should be the final sprint. After multiple revisions up to the 6th draft, each version has been a negotiation with regulators. Whether it can pass in one go depends on the SEC's final feedback.
DOT4,02%
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WhaleMistakervip
· 8h ago
Draft 6 is still being refined; how picky is the SEC... However, staking 40-70% of DOT is indeed quite a move. The network security performance will definitely improve significantly by then.
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AlwaysAnonvip
· 9h ago
Draft 6 still hasn't passed. Is this really the final round? It feels like the SEC has been dragging on and on.
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SmartContractRebelvip
· 9h ago
Still polishing the 6th draft? The SEC is really picky. However, this time the staking ratio is maxed out, which is interesting. If 70% is truly staked, the liquidity of DOT is worth questioning.
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StablecoinAnxietyvip
· 9h ago
This is the 6th draft. Will it pass this time? It seems the SEC will have to go through another round of fuss.
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