#binance #hype #zec #near
06/03/26 17:36 UTC-04

Today the first-ever spot ETF on an unexpected altcoin was launched in the United States

Crypto asset management company 21Shares has launched the first U.S. exchange-traded fund based on Polkadot ($DOT). The fund, trading under the ticker TDOT, has started trading on the Nasdaq exchange.

Bloomberg ETF analyst Eric Balchunas stated that the fund was initially launched with $11 million in seed capital and has a management fee of 0.3%. Cryptocurrency ETFs that invest in spot assets allow investors to gain exposure to the price movements of digital assets without directly purchasing them.

According to 21Shares, Polkadot is a blockchain network designed to connect various independent blockchains and enable cross-chain interoperability. The market capitalization of the network’s native token $DOT is currently approximately $1.7 billion.

Previously, the company launched spot ETF products tracking the prices of digital assets such as Bitcoin, XRP, Solana, Dogecoin, and Sui. With the introduction of TDOT, Polkadot has also joined the list of crypto assets that can be invested in through an ETF structure in the United States.

See also: "Bitcoin price falls again: what caused the decline and what can we expect next?"

#Altcoins #ETF #TDOT

Editor: Pereyidenko Ihor
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