21Shares has launched the first U.S. spot Polkadot ETF, known as TDOT, today, March 6, according to a press release from the firm.
The crypto exchange-traded product issuer noted that its spot ETF for Polkadot’s native asset, DOT, is registered under the Securities Act of 1933, not the Investment Company Act of 1940 — like most U.S. crypto ETPs.
Bloomberg’s senior ETF analysts, Eric Balchunas, posted about the launch on X today, noting its 0.30% fee and that “it looks like it was seeded with $11m.”
To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
