Swiss crypto asset manager 21Shares is launching the first U.S. exchange-traded fund tracking Polkadot. The fund, trading under the ticker TDOT, is scheduled to begin trading on 6 March, marking a continued expansion of regulated investment products tied to major altcoins beyond Bitcoin and Ethereum.
21Shares is launching the first U.S. exchange-traded fund designed to track Polkadot, trading under the ticker TDOT. The product is scheduled to begin trading on 6 March.
This launch reflects a broader shift as crypto investment products move beyond early Bitcoin and Ethereum ETFs. Asset managers are now exploring funds linked to other major cryptocurrencies like Solana, XRP, Dogecoin, and Chainlink.
According to the fund’s prospectus, the ETF will hold DOT tokens directly. It will track their market value using a pricing benchmark that aggregates data from major trading venues.
Shares are expected to list on Nasdaq and will be structured as a grantor trust. This is the same framework used by existing spot Bitcoin and Ethereum ETFs in the United States.
The filing also indicates the trust may stake a portion of its DOT holdings to earn network rewards. This could allow the fund to capture staking yield alongside price exposure.
The launch shows how exchange-traded funds have become a primary channel for institutional digital-asset access. Since the approval of spot crypto ETFs, managers have raced to introduce products tracking different blockchain networks.
For issuers, these products offer institutional investors access through familiar regulated market structures. For 21Shares, TDOT represents a step in building a broader lineup amid intensifying competition.
