Demex Daily #357: Nasdaq Seeks Approval for Grayscale Polkadot ETF

What’s Interesting Today:

Nasdaq has filed to list a Grayscale Polkadot ETF, adding to the growing number of altcoin ETF applications awaiting SEC approval. Grayscale, which already offers Bitcoin and Ether ETFs, is also seeking to list ETFs for Solana, Litecoin, XRP, Dogecoin, and Cardano. Other issuers, including 21Shares, have proposed Polkadot ETFs. The SEC's stance on crypto ETFs has softened under Trump's second term, with Bloomberg estimating a 90% approval chance for a Litecoin ETF and 70% for Solana.

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Tron will launch a Gas Free feature for USDT next week, allowing transactions without needing TRX for gas fees, according to founder Justin Sun. Once the cheapest blockchain for USDT transfers, Tron saw fees spike above $9 in late 2024, making it one of the most expensive networks. Current TRC-20 USDT fees range between $3.20 and $6.50, compared to $0.40 on Ethereum. Tron has been developing a gas-free solution since mid-2024 to restore affordability and boost stablecoin adoption.

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