Crypto asset manager 21Shares is launching TDOT, the first U.S. exchange-traded fund designed to track Polkadot’s price. The fund, trading under the ticker TDOT, is scheduled to begin trading on March 6.
The product will allow investors to gain exposure to Polkadot’s price without directly purchasing or holding the DOT token. It will hold DOT tokens directly and 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, the same framework used by 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, potentially allowing the fund to capture staking yield alongside price exposure.
For 21Shares, TDOT represents another step in building a broader lineup of crypto investment vehicles as competition intensifies among issuers seeking to expand beyond the largest digital assets. The move reflects a broader shift as crypto ETFs widen exposure beyond Bitcoin and Ethereum into altcoins.
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