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Just saw that 21Shares dropped the first spot Polkadot ETF on Nasdaq - ticker TDOT. Pretty interesting move for the polkadot coin ecosystem honestly. They started with $11M seed capital and 0.3% expense ratio, which seems pretty reasonable for a new ETF.
The whole thing is basically letting people bet on DOT price swings without actually holding the tokens, which I guess makes it easier for traditional investors to get exposure. Polkadot's supposed to be about connecting different blockchains together. Market cap is sitting around $2.1B now.
21Shares has been on a roll with these spot ETFs - they've already got Bitcoin, XRP, Solana, Dogecoin, and Sui tracked. Makes you wonder if we're gonna see spot ETFs for basically every major coin eventually lol. Are you guys actually using these ETFs or still just trading on exchanges?