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- 🚀 Gate.io #Launchpad# for Puffverse (PFVS) is Live!
💎 Start with Just 1 $USDT — the More You Commit, The More #PFVS# You Receive!
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- Dear Gate Post users, we’re excited to announce a brand-new upgrade to our user interface! The new version is simpler, smoother, and packed with many thoughtful new features. Update now and explore what's new! What do you think of the new Gate Post experience? Which features do you like most? Have you noticed any surprises or improvements? Share your experience now to split a $50 prize pool!
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- 🚀 Gate.io #Launchpad# Initial Offering: #PFVS#
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SEC Accepted the ETF Application of 7 Billion Dollar Altcoin: A New Process Begins! - Coin Bulletin
The United States Securities and Exchange Commission (SEC) has officially approved 21Shares' Polkadot (DOT) focused spot exchange-traded fund (ETF) application.
SEC, by approving 21Shares' Polkadot spot ETF application, has paved the way for a Polkadot-based ETF to be traded in the American market. This development is seen as a significant step in the cryptocurrency market.
Following the approval, the SEC will begin a detailed review of the application and during this process will evaluate both legal compliance and market impacts. The review process will determine whether the ETF’s approval process will progress and will gain clarity for investors before being made available for trading.
The successful approval of the application will allow investors to trade **Polkadot (DOT) tokens without managing them directly on the Cboe BZX exchange. This situation could lead to increased interest from institutional investors in the Polkadot network and integrate Polkadot into traditional financial markets.
According to CoinGecko data, DOT experienced a 5.5% increase to reach $4.56 after the approval came.