While the crypto industry’s publicly traded products are in short supply in the US due to the inability of regulators to implement proper laws regulating these products and the companies that issue them, the situation is improving in other countries. of the world. The cryptocurrency market is expanding, sourcing more and more products and making the industry ecosystem quite colorful and diverse.
More recently, German stock market operator Deutsche Boerse announced its decision to dive further into the crypto derivatives market with the launch of three new ETNs (exchange-traded notes) by VanEck. The three in question include companies such as Polkadot (DOT / USD), TRON (TRX / USD), and Solana (SOL / USD). All three ETNs are now available on Xetra, as well as on the Frankfurt Stock Exchange.
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With these new listings, Deutsche Boerse’s crypto ETN offerings have reached the next level. Previously, the company focused on the largest and most commonly accepted crypto assets, including Bitcoin, as well as Ethereum, Bitcoin Cash, and Litecoin. Now, however, due to the growing demand for some of the most popular chains and coins, the company decided to dig deeper into the altcoin market.
Institutional investors are more comfortable with ETNs
The choice of assets the company selected is also fairly easy to understand. After all, Polkadot and Solana have been among the biggest Ethereum alternatives of late, while TRON has been a popular project that aimed to revolutionize the entertainment industry since it launched.
All three deal with smart contracts and different sectors of the crypto industry such as NFT and DeFi, so it makes sense that they are among the most popular and sought after assets.
Deutsche Boerse announced that all ETNs listed on Xetra are physically guaranteed and listed on the Regulated Market of the Frankfurt Stock Exchange. Investors can buy crypto ETNs similar to how they would buy stocks or ETFs. In other words, there is no need for crypto wallets or cryptocurrency investments. This makes the risks somewhat lower for institutional investors, who have never been more afraid of volatility than of assets they don’t know how to handle and manage.
VanEck’s own announcement further said that the new products will further open up the future cryptocurrency market for European investors.
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