21Shares launches the first spot Polkadot ETF in the U.S., now open for trading

21Shares, an asset management company, has launched the first spot Polkadot ETF in the U.S., with the ticker symbol TDOT, which has begun trading on Nasdaq. Eric Balchunas stated that the ETF has an initial seed capital of $11 million and a management fee of 0.3%. Spot crypto ETFs allow investors to bet on price movements without directly holding the digital assets.

21Shares stated that Polkadot is a blockchain network designed to connect multiple independent blockchains and enable interoperability. Currently, its native token DOT has a market capitalization of approximately $1.7 billion. Previously, 21Shares has launched spot ETFs tracking the prices of assets such as Bitcoin, XRP, Solana, Dogecoin, and Sui.