21Shares launches first spot Polkadot ETF in US with $11M seed

21Shares is launching the first spot Polkadot ETF in the US today, with a fee of 30 basis points and an initial seeding of $11 million. Polkadot is designed to connect multiple independent blockchains into a single, interoperable network, enabling developers to create purpose-built blockchains. This launch occurs as regulated spot ETFs for altcoins are gaining traction, marking an expansion beyond traditional Bitcoin and Ethereum offerings.

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