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21Shares Bets On Polkadot, Files For Spot ETF With SEC

21Shares is taking a radical step in the crypto investment sector by submitting a spot Polkadot (DOT) exchange-traded fund (ETF) application to the US Securities and Exchange Commission (SEC). If given the green light, this ETF would enable investors to acquire direct exposure to Polkadot without the need to purchase and maintain the cryptocurrency themselves. The 21Shares Polkadot Trust, a proposed fund, is intended to be listed on the CBOE BZX Exchange. Coinbase will be the custodian for DOT tokens. Related Reading: Trump Effect? Solana Stablecoin Supply Jumps 73% Since Mid-January A Step Towards Increasing The Number Of Crypto Investment Options This ETF aims to make it easier for both large buyers and everyday people to buy Polkadot. The blockchain is known for its interoperability, allowing different networks to communicate and share data. 21Shares ETF filing with the SEC. Source: US SEC. 21Shares is trying to bridge the gap between traditional finance and the crypto world by offering an exchange-traded fund (ETF). This will make DOT a more attractive choice for investors who like controlled investments instead of owning cryptocurrencies directly. This follows rising demand for diversified crypto-based ETFs. Although Bitcoin and Ethereum spot ETFs have garnered attention, Polkadot’s participation shows popular interest in alternative currencies. However, the success of this filing depends on how the SEC views Polkadot’s regulatory standing, a factor that could impact the outcome of the approval process. Market Performance Presents Obstacles Polkadot has encountered market obstacles, despite the enthusiasm that fueled the filing. The price of DOT has decreased by approximately 5% in the past year, and it has declined by more than 10% in the past month alone. DOT is currently trading at approximately $6.42, a significant decline from its previous all-time highs. The ETF filing acknowledges that the asset can be unstable and warns buyers about possible risks. Polkadot’s value could still be uncertain, even with an ETF setup, and there’s no guarantee that the token will rise or bounce back soon. Related Reading: XRP $10 Price Tag Hinges On SEC Lawsuit Conclusion, Analyst Says Regulatory Risks Might Affect The Chances Of Approval Regarding the security status of this ETF, there are significant concerns about Polkadot’s potential legal standing in the US. Polkadot’s backer, the Web3 Foundation, has attempted to portray DOT as a digital asset rather than a security concern. The SEC’s stance on digital assets is evolving, thus Polkadot’s security status may make it challenging for 21Shares to develop an ETF. Featured image from DALL-E, chart from TradingView

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ETH/BTC Ratio Falls Below 0.03, Marking Worst Bull Market Performance

The ETH/BTC ratio has dropped to 0.02993 , marking a four-year low and its worst performance in a bull market , according to CoinDesk senior analyst James Van Straten . This represents a 44% decline over the past year , signaling that Ethereum (ETH) is underperforming relative to Bitcoin (BTC) despite a broader market rally. Analysts suggest that Bitcoin’s strength is driving the trend, rather than Ethereum’s fundamental weakness . Why Is Ethereum Underperforming Against Bitcoin? While Ethereum remains a dominant player in DeFi and smart contracts , several factors contribute to its lagging performance compared to Bitcoin . Key Factors Behind ETH/BTC Ratio Decline: Bitcoin’s Market Strength – BTC is attracting institutional demand , especially after the approval of spot Bitcoin ETFs . Ethereum’s “Middle Child Syndrome” – According to Bitwise Exchange’s Andre Dragosch , ETH is less scalable than Solana (SOL) and does not rival Bitcoin as a store of value . Ethereum Lacks a Clear Narrative – Bitcoin’s “digital gold” narrative and Solana’s high-speed transactions make Ethereum less distinct in this market cycle. Lower Institutional Interest in ETH – Unlike Bitcoin, Ethereum ETFs have yet to gain major traction , slowing institutional adoption . As a result, Ethereum has struggled to maintain investor confidence , even as the broader crypto market trends upward . Is Ethereum Losing Its Market Position? ETH/BTC Ratio Hits 4-Year Low – Ethereum is struggling to keep pace with Bitcoin’s gains. Bitcoin ETF Inflows Boost BTC Demand – Institutions are favoring Bitcoin over Ethereum , widening the gap. Solana’s Rise Poses a Competitive Threat – SOL’s faster transaction speeds and lower fees attract Ethereum developers and projects . While Ethereum remains the leading smart contract platform , its relative underperformance raises concerns about its long-term dominance . What’s Next for Ethereum? Potential Ethereum ETF Approval – If Ethereum ETFs gain traction , ETH could see renewed institutional interest . Layer-2 Scaling Adoption – Networks like Arbitrum, Optimism, and zkSync may help Ethereum regain competitiveness . Increased Staking Demand – As more ETH gets staked , supply constraints could drive future price appreciation . For Ethereum to recover against Bitcoin , it needs a stronger value proposition beyond smart contracts and DeFi . FAQs Why is the ETH/BTC ratio dropping? Bitcoin’s institutional demand and Ethereum’s competitive struggles with Solana’s scalability are driving the ETH/BTC decline . How much has ETH/BTC fallen? The ETH/BTC ratio dropped to 0.02993 , marking a 44% decline in the past year . Will Ethereum recover against Bitcoin? Ethereum could rebound if ETF adoption increases , Layer-2 solutions scale effectively , and staking demand grows . Is Solana overtaking Ethereum? Solana is gaining traction in DeFi and NFTs , but Ethereum still leads in total value locked (TVL) and developer activity . What’s next for Ethereum in 2025? Ethereum ETF approvals could boost institutional demand Layer-2 solutions will improve transaction speed & costs More ETH staking may reduce circulating supply, aiding price recovery Conclusion The ETH/BTC ratio falling below 0.03 highlights Ethereum’s underperformance in the current bull market , driven by Bitcoin’s dominance and Solana’s rise . While Ethereum remains a leading blockchain for smart contracts , it must strengthen its market position through scalability improvements, ETF adoption, and staking growth to regain momentum. With Ethereum 2.0 upgrades and Layer-2 solutions in development , ETH’s long-term value proposition remains strong , but short-term market conditions favor Bitcoin . To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news , where we delve into the most promising ventures and their potential to disrupt traditional industries. NewsBTC

Top 3 Digital Assets you Should own Moving Forward Into 2025

Bank executives are feeling a newfound optimism, setting up the broader crypto market for a potential bull run. A week after President Trump took office, Wall Street executives started to warm up to crypto and blockchain. At the World Economic Forum at Davos-Klosters, Morgan Stanley CEO Ted Pick said that banks, as highly regulated institutions, can always act as new crypto transactors. This favorable sentiment, plus President Trump’s pro-crypto agenda, is electrifying the general investing public looking for new digital assets to invest in. Three new cryptocurrencies are making noise in a crowded market: Aave, Rollblock , and Jupiter. Aave sets to recover Aave (AAVE), a leading money market protocol, is poised for recovery after sustaining almost sideways movement for most of 2024. From April to October, AAVE traded below $200. By November, the popular money market platform surged, eventually breaching the $300 mark. The project’s 7-day price range found support at around $280, and market analysts are bullish on its short-term performance. Investors’ bullish sentiment on AAVE is backed by its RSI of 52, which indicates increased buying pressure. Finally, on-chain data suggests that most traders and investors are on the long side, as reflected by the asset’s Long/Short ratio at 1.13. This metric indicates that for every 1.13 Aave long positions, there’s one short position, which reflects a bullish sentiment. Jupiter (JUP) is primed for a breakout Jupiter (JUP), a DEX aggregator, is headed for a breakout days after the project announced its token burn mechanism and a $600 million JUP token buyback program. According to its founder, ‘Meow,’ the token-burning initiative aims to remove up to 3 billion digital assets in circulation, which can enhance the token’s importance and lower its fully diluted valuation (FDV). These latest developments reflect a change in investors’ sentiment, potentially expanding its price action. Currently, JUP is looking at a 0.382 Fibonacci retracement level of $1.16. If JUP breaches this level, the market can expect a decisive price breakout, creating a new trend. If this fails, JUP holders can expect another corrective price action, with lower support at $0.94 or a 0.5 Fibonacci retracement. Rollblock (RBLK) Rollblock (RBLK) , currently in presale, is set on upending the GameFi segment. With an eye on innovation, Rollblock aims to enhance the traditional gambling experience by integrating crypto, blockchain technology, and its native token as on-site currency. This new crypto project doesn’t just power an online casino; it aims to create a community where players become active participants and reward earners. Expectations among investors run high, owing to the project’s commitment to a potentially lucrative rewards share program. 30% of its weekly generated revenue will be shared with its holders. Rollblock will use two mechanisms for its rewards system: buyback and burn and staking. The buyback and burn program rewards sellers and reduces the number of circulating tokens. Then, its staking program aims to reward stakers and holders. On-site, Rollblock players earn rewards such as rakeback and VIP bonuses, which enhance the crypto betting experience. Aave and Jupiter are both viable investment prospects, but Rollblock is racing towards its listing date like a GambleFi project on a mission. It has already raised over $9.8 million, is available for $0.052, and the next price increase is coming up rapidly. Discover the exciting opportunities of the Rollblock(RBLK) presale today! Website: https://presale.rollblock.io Socials: https://linktr.ee/rollblockcasino Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . NewsBTC