Polkadot's first US spot ETF debuts on Nasdaq.

PANews reported on March 6th that, according to The Block , 21Shares , a cryptocurrency fund issuer, 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's initial size is approximately $ 11 million , with 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 issued several spot cryptocurrency ETFs , including those for Bitcoin and Altcoin such as XRP , Sui , Solana , and Dogecoin . Its XRP fund alone manages approximately $ 174 million. DOT is currently priced at approximately $ 1.47 , with a total market capitalization of approximately $ 1.7 billion.