21Shares Launches First U.S. Spot Polkadot ETF on Nasdaq

Asset management firm 21Shares has introduced the first U.S. spot Polkadot ETF, trading under the ticker TDOT on Nasdaq as of March 7. According to BlockBeats, the ETF was launched with an initial seed capital of $11 million and carries a management fee of 0.3%. This spot crypto ETF allows investors to speculate on the price movements of digital assets without directly holding them. 21Shares describes Polkadot as a blockchain network designed to connect multiple independent blockchains, facilitating interoperability. The native token, DOT, currently has a market capitalization of approximately $1.7 billion. Previously, 21Shares has launched spot ETFs tracking the prices of Bitcoin, XRP, Solana, Dogecoin, and Sui.