21Shares Polkadot ETF Q2 Staking Rewards Come at a High Cost

Regulatory filings reveal that the 21Shares Polkadot ETF (TDOT) incurred significant losses in Q2 2026 while paying out staking rewards. For every $1 in rewards distributed, the fund realized approximately $4.52 in losses. The fund sold 98,505 DOT tokens to generate $107,500 in cash for shareholder distributions, but due to a 34% drop in DOT price during the quarter, these sales resulted in $485,600 in realized losses. As shareholders receive USD-denominated payout