Polkadot's first US spot ETF debuts on Nasdaq.

CoinFeed reported on March 6th that, according to The Block, 21Shares, a cryptocurrency fund issuer, has launched the first U.S. spot Polkadot ETF, ticker symbol TDOT, which is already listed on Nasdaq. Eric Balchunas, senior ETF analyst at Bloomberg, stated that the fund has an initial size of approximately $11 million and 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 launched several spot cryptocurrency ETFs, including those for Bitcoin and altcoins such as XRP, Sui, Solana, and Dogecoin, with its XRP fund managing approximately $174 million.