PANews, March 6: According to The Block, crypto fund issuer 21Shares has launched the first U.S. spot Polkadot ETF, ticker TDOT, which is now listed on Nasdaq. Bloomberg Senior ETF Analyst Eric Balchunas stated that the fund has an initial size of approximately $11 million and an expense ratio of 0.3%. The product provides investors with a tool to track the spot price of Polkadot (DOT) without requiring direct ownership of the token. 21Shares has previously launched multiple spot crypto ETFs, including products for Bitcoin, XRP, Sui, Solana, and Dogecoin, with its XRP fund managing approximately $174 million in assets. DOT is currently trading at around $1.47, with a total market capitalization of approximately $1.7 billion.
21Shares Launches the First U.S. Spot Polkadot ETF on Nasdaq
PANewsShare
Summary
21Shares has launched the first U.S. spot Polkadot ETF, trading under the ticker TDOT on Nasdaq. The fund, with an initial size of approximately $11 million and a 0.3% management fee, tracks the spot price of DOT. ETF inflows have supported the launch, which does not require direct token ownership. 21Shares has also issued ETFs for Bitcoin, XRP, Sui, Solana, and Dogecoin, with its XRP fund managing approximately $174 million. DOT is currently priced at $1.47, with a total market cap of $1.7 billion.
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