Deutsche Boerse launches Solana and Polkadot ETNs by VanEck
Deutsche Boerse launches Solana and Polkadot ETNs by VanEck
Three new crypto ETNs are now live on Deutsche Boerse, following previous ETN listings on BTC, ETH, BCH and LTC.
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High german stock market operator Deutsche Boerse continues diving into the cryptocurrency derivatives by listing three new crypto exchange-traded notes (ETN) by VanEck.
Deutsche Boerse officially appear on Tuesday that VanEck's new ETNs on Polkadot's DOT, Solana (SOL) and Tron (TRX) are now tradable on its digital stock substitution, Xetra, and the Frankfurt Stock Exchange.
The new listings aggrandize Deutsche Boerse'south crypto ETN offerings as the visitor previously started offer like products on cryptocurrencies such as Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC), the firm noted.
"All crypto ETNs tradable on Xetra are physically collateralized and listed on the Regulated Market of the Frankfurt Stock Substitution," the announcement reads.
According to Deutsche Boerse, investors can purchase crypto ETNs similar to shares or exchange-traded funds (ETF) without needing to set upwardly crypto wallets. "Through cardinal immigration, institutional investors also benefit from significantly reduced risks in settlement of transactions," the house added.
Related: Deutsche Boerse-endemic Eurex debuts Bitcoin futures trading
VanEck noted in its own announcement that the new products follow previous launches of exchange-traded products on Bitcoin and Ether. "Further ETNs are now following in order to open up up the future market of cryptocurrencies for European investors. With this footstep, the accomplished ETF provider further expands its pioneering role for innovative and hereafter-oriented investment solutions," the firm wrote.
The news comes among Deutsche Boerse actively expanding the range of supported crypto derivatives products beyond its operated exchanges. On Sept. 13, Deutsche Boerse's derivatives exchange, Eurex, debuted crypto derivatives trading with ETC Grouping's Bitcoin (BTC) ETN futures product. Before this year, Xetra debuted trading of Ether-based ETPs past ETC Group.
Source: https://cointelegraph.com/news/deutsche-boerse-launches-solana-and-polkadot-etns-by-vaneck
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