Polkadot's first US spot ETF debuts on Nasdaq.

Huoxun Finance reported on March 6th that, according to The Block, 21Shares, a cryptocurrency fund issuer, launched the first U.S. spot Polkadot ETF, ticker symbol TDOT, which is already listed on Nasdaq. Bloomberg senior ETF analyst Eric Balchunas stated that the fund's initial size is approximately $11 million, with a management fee of 0.3%. This product provides investors with a tool to track the spot price of Polkadot (DOT) without requiring them to directly hold the token. 21Shares has previously issued several spot cryptocurrency ETFs, including products for Bitcoin and altcoins such as XRP, Sui, Solana, and Dogecoin. Its XRP fund alone manages approximately $174 million. DOT is currently priced at approximately $1.47, with a total market capitalization of approximately $1.7 billion.