21Shares Launching First Polkadot ETP on SIX Exchange

The Polkadot ETP (PDOT) will list on the Swiss SIX Exchange on Thursday.

AccessTimeIconFeb 2, 2021 at 8:24 a.m. UTC
Updated Sep 14, 2021 at 11:04 a.m. UTC

Switzerland-based investment product provider 21Shares is launching the world’s first exchange-traded product (ETP) for the polkadot cryptocurrency.

  • 21Shares, formerly known as Amun, said Tuesday the Polkadot ETP (ticker: PDOT) will list on the Swiss SIX Exchange on Feb. 4.
  • The firm said the listing came about because it wanted to stay "ahead of the curve" amid a surge in interest for the cryptocurrency asset class.
  • Founded by Ethereum co-founder Gavin Wood, Polkadot is a blockchain network that supports various interconnected sub-chains called parachains.
  • Last Friday, Polkadot was added to the 21Shares HODL basket ETP as the second-largest constituent after bitcoin, replacing bitcoin cash. As such, 21shares took the decision to give the crypto asset its own ETP.
  • Polkadot market capitalization is currently around $15 billion, putting DOT at fifth place in the cryptocurrency rankings, according to CoinMarketCap.
  • “European investors are approaching us to launch new products based on other key crypto assets to enable them easy access without the need of a private key or unregulated wallets and exchanges,” said Hany Rashwan, CEO 21Shares AG.
  • In the next three months, 21Shares aims to add more ETPs, as well as new European exchange listings.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.