21Shares Launches the First U.S. Spot Polkadot ETF, TDOT Now Trading on Nasdaq

Chainthink

Release Time: 03/06/2026 16:45:48

Summary

On March 7, 2026, ETF news broke as 21Shares launched the first U.S. spot Polkadot ETF, trading as TDOT on Nasdaq. The fund began with $11 million in seed capital and a 0.3% management fee. Polkadot is a blockchain network that connects multiple chains, with DOT valued at approximately $1.7 billion. 21Shares has also launched Bitcoin ETFs and spot ETFs for XRP, Solana, Dogecoin, and Sui.

ChainThink reports that on March 7, asset management firm 21Shares launched the first U.S. spot Polkadot ETF, ticker TDOT, which has begun trading on Nasdaq.

Eric Balchunas said the ETF has an initial seed capital of $11 million and an expense ratio of 0.3%. Spot crypto ETFs allow investors to bet on price movements without directly holding digital assets.

21Shares stated that Polkadot is a blockchain network designed to connect multiple independent blockchains and enable interoperability. Its native token, DOT, currently 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.

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