21Shares Renames Polkadot ETF to Staking Version, Registers TDOT Ticker
Crypto asset manager 21Shares has rebranded its existing Polkadot ETF as the Polkadot Staking ETF, a move that reflects growing demand for yield-generating products in the crypto space.
The new fund directly holds spot $DOT tokens and will stake between 40% and 95% of its holdings through validators, generating staking yields that will be distributed to shareholders quarterly.
This approach allows investors to earn passive income from their crypto exposure without needing to manage validators themselves, a trend that is becoming increasingly popular among asset managers.