21Shares has launched the first U.S. spot exchange-traded fund (ETF) monitoring Polkadot, The Block reported on Thursday. The ETF started buying and selling on the Nasdaq below the ticker image TDOT.
Bloomberg senior ETF analyst Eric Balchunas mentioned the ETF began with $11 million in preliminary funding and has a 0.3 p.c price. Spot cryptocurrency ETFs permit buyers to achieve publicity to the worth of a selected cryptocurrency with out holding the underlying digital asset.
21Shares described Polkadot as a next-generation blockchain platform designed to attach a number of impartial blockchains into an interoperable community. Builders can construct their very own blockchains on Polkadot to make use of the community’s safety and scalability.
21Shares additionally runs spot ETFs for altcoins together with bitcoin, Ripple’s XRP, Sui, Solana and dogecoin.
