UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~May~~ 4June 30, 2026

21SHARES POLKADOT ETF

(Exact name of registrant as specified in its charter)

Delaware		001-43181		33-6490872
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

158 W. 27^th Street
New York, New York		10001
(Address of principal executive offices)		(zip code)

Registrant’s telephone number, including area code: (646) 370-6016

(Former Name or Former Address, if Changed Since Last Report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Shares of Beneficial Interest of 21Shares Polkadot ETF	TDOT	The Nasdaq Stock Market LLC
Shares of Beneficial Interest of 21Shares Polkadot ETF	TDOT	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.0102 ~~Entry~~Termination ~~into~~of a Material Definitive Agreement.

~~The~~Benchmark Licensing ~~Figment Staking Services Agreement~~Agreements

On June ~~May 4~~30, 2026, 21Shares ~~Polkadot~~US ~~ETF~~LLC (the “~~Trust~~Sponsor”) ~~entered~~ ~~into~~provided anotice ~~staking~~to ~~services~~CF ~~agreement~~Benchmarks ~~with~~Ltd. ~~Figment~~(“CF ~~Inc.~~Benchmarks”) of the termination, aneffective ~~Ontario~~August ~~corporation~~31, 2026, of the licensing agreement (the “~~Figment~~Pricing Benchmark Licensing Agreement”) between the Sponsor and ~~such~~CF ~~agreement~~Benchmarks relating to the use of the CME CF Polkadot — Dollar Reference Rate — New York Variant (the “Pricing Benchmark”) by the Sponsor, 21Shares Polkadot ETF (the “~~Figment Agreement~~Trust”), ~~pursuant~~and their affiliates. Pursuant to ~~which~~the Pricing ~~Figment~~Benchmark ~~will~~Licensing ~~engage~~Agreement, inCF ~~staking~~Benchmarks inprovides each of the Sponsor, the Trust, and their affiliates a ~~manner~~non-exclusive, ~~reasonably~~non-transferable, non-sub-licensable, ~~intended~~perpetual, worldwide license to ~~generate~~access, ~~rewards~~view and ~~provide~~use ~~reports~~ the Pricing Benchmark to develop, create, calculate, settle, maintain or support and market the Trust, ~~showing~~with the ~~calculation~~Trust ofusing ~~any~~the ~~rewards~~Pricing ~~payable~~Benchmark bypursuant to a sub-licensing arrangement with the Sponsor. ~~Polkadot~~The ~~Network~~Pricing Benchmark Licensing Agreement has a one-year initial term and automatically renews for successive one-year periods unless terminated pursuant to ~~the~~its ~~Trust~~terms. inThe ~~connection~~Pricing ~~with~~Benchmark ~~staking~~is calculated and administered by ~~Figment~~CF Benchmarks and is used to value the (Trust’s shares on a daily basis and to calculate the ~~“Services”)~~Trust’s net asset value. ~~The~~CF ~~term~~Benchmarks ofis unaffiliated with the ~~Figment~~Sponsor. ~~Agreement~~The ~~commenced~~Sponsor has onelected ~~May~~to 4,terminate ~~2026~~the ~~and~~Pricing ~~continues~~Benchmark inLicensing ~~effect~~Agreement ~~until~~pursuant ~~terminated~~to its terms in ~~accordance~~ connection with its ~~terms~~broader transition to a new benchmark provider, as further described below.

The ~~Trust may stake and/or unstake DOT at any~~ ~~time~~Sponsor inintends ~~its sole discretion, subject~~ to, ~~respectively,~~enter ~~bonding~~into ~~and~~a ~~unbonding~~licensing ~~periods~~agreement ~~imposed~~with byFTSE ~~the~~International ~~Polkadot~~Limited ~~Network.~~(“FTSE”) ~~During~~on ~~any such bonding~~ or ~~unbonding~~about ~~period~~August 24, ~~DOT~~2026 whereby ~~and~~FTSE ~~rewards~~will ~~may~~provide beeach ~~unavailable~~of tothe Sponsor, the Trust, and ~~subject~~their toaffiliates ~~other~~a ~~restrictions~~non-exclusive, ~~imposed~~non-transferable, ~~by the Polkadot~~non-sub-licensable, ~~Network. Accordingly~~perpetual, worldwide license to ~~the~~access, ~~extent~~view ~~such~~and ~~restrictions~~use ~~are~~FTSE ~~imposed~~index bydata ~~the~~to ~~Polkadot~~develop, ~~Network~~create, ~~Figment~~calculate, ~~shall~~settle, ~~not~~maintain beor ~~obligated~~support toand ~~perform the~~market ~~Services~~the ~~with respect such DOT~~Trust. ~~Figment~~Such ~~may,~~license inis ~~its~~expected ~~sole~~to ~~discretion,~~have ~~discontinue~~a ~~operating~~one-year ~~validator~~initial ~~nodes~~term ~~for~~and ~~the~~will ~~Polkadot~~automatically ~~Network~~be ~~at any~~renewed ~~time~~for ~~upon~~successive ~~reasonable~~one-year ~~prior~~periods, unless ~~written~~terminated ~~notice~~pursuant to ~~the~~its ~~Trust~~terms.

~~The Figment Agreement may be terminated by either~~FTSE ~~party~~is ~~upon~~a ~~written~~company ~~notice~~incorporated ~~to the other party at any time~~ and ~~for~~registered any reason whatsoever. Each of Figment and the Trust must indemnify the other party and its affiliates and their respective representatives from all damages, excluding slashing penalties (other than those arising from or attributable to Figment’s gross negligence, fraud or willful misconduct) and missed rewards incurred by the indemnified party in connection with any actual or threatened third-party claim arising from or in connection with (i) the indemnifying party’s breach of the Figment Agreement or (ii) where the indemnifying party is the TrustEngland, ~~any breach of any provision owing to the Trust’s clients~~ and~~/or~~ ~~otherwise~~its ~~involving~~principal aoffices ~~client~~are oflocated ~~the~~at ~~Trust,~~10 ~~that~~Paternoster ~~is made in connection with the Figment Agreement~~Square, ~~and is not materially attributable to~~London, orEC4M ~~grounded in any act or omission by~~7LS, ~~Figment. Except for a party’s indemnification obligations as described above,~~ ~~neither~~United party’s aggregate liability for damages to the other party or any other person will exceed the service fees collected by Figment under the Figment Agreement during the six months prior to the initial event giving rise to the damages (the “Global Cap”)Kingdom. ~~For~~ ~~slashing~~FTSE ~~penalties, Figment’s aggregate liability~~ is ~~limited~~experienced toin ~~the~~calculating ~~service fees collected by Figment under the Figment Agreement during the six months prior to the initial slashing penalty (the “Slashing Cap”). The Slashing Cap~~ and ~~Global~~administering ~~Cap~~digital ~~will~~asset ~~not apply to any slashing penalties arising from or attributable to Figment’s gross negligence, fraud or willful misconduct~~indices. ~~For~~FTSE ~~missed rewards, Figment’s aggregate liability~~ is ~~limited~~unaffiliated towith the ~~service fees collected by Figment under the Figment Agreement during the three months prior to the initial missed rewards event (the “Missed Rewards Cap”)~~Sponsor. The Slashing Cap and the Missed Rewards Cap are included in, and not in addition to, the Global Cap, and the Global Cap, Slashing Cap, and Missed Rewards Cap are each cumulative for the duration of the term of the Figment Agreement and not per event.

~~The Trust’s sponsor, custodians and third party staking services providers, including Figment, are expected to receive 26.5% of the staking rewards, with the remainder being retained by the Trust.~~1

The foregoing description is a summary, and does not purport to be a complete description, of the Figment Agreement, and is qualified in its entirety by reference to the Figment Agreement, which is filed as Exhibit 10.1 hereto and is incorporated by reference herein.SIGNATURES

~~Item~~Pursuant to ~~9.01~~the ~~Financial~~requirements ~~Statements~~of ~~and~~the ~~Exhibits~~Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

10.1		Staking Agreement dated as of May 4, 2026 between Figment Inc. and the Trust.
Dated: July 7, 2026	21SHARES POLKADOT ETF
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).
	21Shares US LLC, as Sponsor of 21Shares Polkadot ETF
	By:	/s/ Duncan Moir
	Name:	Duncan Moir
	Title:	President

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: May 8, 2026	21SHARES POLKADOT ETF
	21Shares US LLC, as Sponsor of 21Shares Polkadot ETF
	By:	/s/ Duncan Moir
	Name	Duncan Moir
	Title:	President

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