Polkadot's native cryptocurrency, DOT, has experienced a 6% increase in value following the filing for a spot Polkadot ETF by asset manager 21Shares. This marks the first such filing for this altcoin. The recent gains have propelled the DOT price to $6.5, and analysts are hopeful of a potential breakout that could lead to a new high.
The market's reaction to the ETF filing signals optimism among investors, as they anticipate potential regulatory approval and subsequent increased adoption of Polkadot. With this development, market experts suggest monitoring the price movements closely as DOT might reach $14.