DTCC lists 21Shares Polkadot Staking ETF as staking yields hit 2.04%

DTCC listed 21Shares' Polkadot Staking ETF under ticker TDOT on Aug. 27, integrating a 2.04% staking-yield product into US clearing and settlement infrastructure.

"We have spent over five years refining our staking algorithms across changing market cycles, and this update ensures investors can easily identify products engineered with our multi-validator architecture," Andres Valencia, EVP of Investment Management at 21Shares, said.

The DTCC listing follows 21Shares renaming five US-listed ETFs on Aug. 27 to reflect embedded staking features. The Polkadot fund yields 2.04%, while the Ethereum fund yields 0.80%, Solana 4.45%, Sui 1.13%, and Hyperliquid 1.33%. Tickers, CUSIPs, and management fee structures remain unchanged. The funds also switched their pricing benchmark from CF Benchmarks to FTSE Russell indices on Aug. 27, with the CF Benchmarks license expiring Aug. 31.

The listing arrives as institutional demand for yield-bearing crypto products accelerates. BlackRock launched its staked Ethereum fund ETHB on Feb. 18, and Fidelity filed to stake FETH's ether on Aug. 10, paying holders 85% of rewards. Intesa Sanpaolo, Italy's largest bank, cut its Bitcoin fund stake by 94% last quarter while tripling its staked-Ethereum position.

21Shares pioneered staking within the ETP framework, launching the world's first crypto staking ETP in November 2019 and the first multi-asset staking ETP in January 2023. Unlike issuers that operate in-house staking providers, 21Shares uses an open architecture that allocates to top-tier external validators, retaining the option to switch providers so staking returns are never bound to a single infrastructure point of failure. The company manages liquidity and redemption readiness through a proprietary in-house algorithm refined with market and proprietary data over a five-year period.

The sponsor fee will now be collected quarterly instead of weekly, paid in the underlying digital assets. 21Shares is a subsidiary of FalconX, one of the world's largest digital asset prime brokers, while maintaining independent operations.

The DTCC listing places staking-enabled crypto ETFs deeper into US market infrastructure. As more issuers add staking features — BlackRock's ETHB and Fidelity's FETH filing among them — competitive pressure on 21Shares' five staking products will intensify. The 4.45% yield on the Solana fund stands as the highest among the five, while the Ethereum fund's 0.80% yield reflects the more mature staking market for ether.

This article is for informational purposes only and does not constitute investment advice.