21Shares Expands Crypto Portfolio with New US Spot Polkadot ETF

21Shares has expanded its portfolio of cryptocurrency exchange-traded funds (ETFs) with the introduction of the first U.S. spot Polkadot ETF, TDOT. The new ETF will be listed on a major U.S. stock exchange and is expected to provide investors with exposure to Polkadot's native asset, DOT.

The TDOT ETF has been approved by the relevant regulatory authorities and will be traded under the Investment Company Act of 1940, which governs traditional investment vehicles in the United States. This marks a significant development for the cryptocurrency market, as most U.S.-listed crypto ETFs are registered under the Securities Act of 1933.

The launch of TDOT follows on from 21Shares' recent introduction of one of the first spot ETFs for Sui (SUI), which was announced just last week. The new ETF will carry a management fee of 0.30%, making it an attractive option for investors looking to gain exposure to Polkadot's native asset.