First spot Polkadot ETF launches in US issued by 21Shares
21Shares launched the first spot Polkadot ETF in the U.S., trading on the Nasdaq under the ticker TDOT.Summary
21Shares has introduced the first spot Polkadot exchange-traded fund (ETF) in the United States, which began trading on the Nasdaq under the ticker symbol TDOT. The new fund was seeded with $11 million and carries a 0.3% fee, according to Bloomberg analyst Eric Balchunas. Spot crypto ETFs allow investors to gain exposure to cryptocurrency price movements without directly holding the underlying digital asset. Polkadot is described as a next-generation blockchain platform designed for interoperability. This launch follows 21Shares' introduction of other spot altcoin ETFs for assets like Bitcoin, XRP, Sui, Solana, and Dogecoin, reflecting a broader trend of asset managers rolling out altcoin-tied funds amid a more crypto-friendly regulatory environment.
(Source：The Block)