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Cryptopolitan 2021-09-20 15:02:06

VanEck lists Solana, Tron, Polkadot crypto ETNs on Deutsche Börse

TL;DR Breakdown: VanEck has listed Solana, Tron, and Polkadot crypto ETNs on the Deutsche Börse.Trading commences on Tuesday, enabling institutions the exposure to these digital assets.  Global investment manager, VanEck has officially cleared approval to list Solana (SOL), Tron (TRX), and Polkadot (DOT) backed exchange-traded notes (or ETN) on the largest European stock exchange, Deutsche Börse. The crypto ETN products will further extend the investor base of these coins to the mainstream financial markets in Europe, including Zurich, Paris, and Amsterdam. VanEck scores listing approval for crypto ETNs Exchange-traded products have become a common way for institutional investors to participate and gain exposure in the cryptocurrency market. The crypto ETNs would track the market performance of Solana, Tron, and Polkadot, enabling investors to participate on an exchange-traded basis “without having to buy them themselves.”  The three crypto ETNs are currently listed on the Xetra Deutsche Börse. They are scheduled to start trading on the stock exchange from September 21.  “We are excited to launch a Tron, Solana, and Polkadot ETP on the heels of growing network usage and adoption. ETPs provide high-quality market access, transparency, and robust regulatory frameworks to access digital assets,” said Gurbacs wrote in an email. The push for institutions in crypto The latest cryptocurrency ET...

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