21Shares launches first spot Polkadot ETF in US
21Shares launched the first US spot Polkadot ETF, TDOT, offering regulated exposure to the DOT token on Nasdaq with a 0.3% fee.Summary
21Shares has introduced the first spot Polkadot Exchange-Traded Fund (ETF) in the United States, listed on Nasdaq under the ticker TDOT. This fund provides investors regulated access to the DOT token and carries a management fee of 0.3%, having been seeded with about $11 million in initial assets. The ETF is physically backed, meaning 21Shares holds actual DOT tokens, allowing investors to gain exposure through traditional brokerage accounts without managing private keys. Polkadot is highlighted as an interoperability protocol connecting blockchains, with 21Shares viewing it as a leader in advanced technologies like AI and smart contracts. The launch signifies a growing trend of asset managers introducing regulated investment vehicles for altcoins beyond Bitcoin and Ethereum, meeting increasing institutional demand for familiar security structures that eliminate custody complexity.
(Source：Crypto Briefing)