21Shares Renames Polkadot ETF to Staking Version, Registers TDOT Ticker

BitcoinWorld

21Shares Renames Polkadot ETF to Staking Version, Registers TDOT Ticker

Crypto asset manager 21Shares has officially rebranded its existing Polkadot exchange-traded fund (ETF) as the Polkadot Staking ETF and has registered the new ticker TDOT with the Depository Trust & Clearing Corporation (DTCC). The changes are scheduled to take effect on August 27, according to a report from Crypto Briefing.

What the Rebrand Means for Investors

The ETF directly holds spot DOT tokens and will stake between 40% and 95% of its holdings through validators. This approach allows the fund to generate staking yields, which will be distributed to shareholders on a quarterly basis. By integrating staking into an ETF structure, 21Shares is offering investors a regulated vehicle to earn passive income from their crypto exposure without needing to manage validators themselves.

The move reflects a growing trend among asset managers to incorporate staking features into digital asset funds, as demand for yield-generating products in the crypto space continues to rise. The DTCC registration is a key step in the ETF approval and listing process, as it prepares the ticker for potential trading on major exchanges.