Launch of the First U.S. Polkadot Spot ETF Begins Trading Amid Concerns Over Network Demand

Challenges in the Disparity Between Sluggish Real Demand

On the 6th, 21Shares launched the first U.S. Polkadot (DOT) spot ETF, 'TDOT', on NASDAQ, marking the start of its trading, the company officially announced.

The newly established ETF is structured to track the market price with physical DOT tokens as the underlying assets. The initial operational assets started at approximately $11 million, and according to the prospectus, the fund stakes a portion of the tokens it holds to generate staking rewards...