Cardano, Polkadot ETPS come to the Frankfurt Stock Exchange
Cardano, Polkadot ETPS come to the Frankfurt Stock Exchange
- According to CEO from Valor, the company "only at the beginning" is to bring crypto products to regulated stock exchanges
- The market launches take place in the middle of a flood of altcoin ETP starts of the competing companies 21shares and co -hares
The Defi Technologies subsidiary Valor has introduced two other stock market-traded products (ETPS) on the Frankfurt stock exchange, this time with offers that concentrate on Cardano and Polkadot.
The latest market launches follow the stock exchange, the Boerse Frankfurt Certificate AG, which Valor granted approval, to note an ETP at the beginning of this month that reproduces the Solana (Sol) price.
The native token from Cardano, Ada, has a market capitalization of around $ 33 billion. ADA is the seventh largest crypto coin after market capitalization - behind XRP and before Sol.
In the meantime, the market capitalization of Polkadot (DOT) is around $ 20 billion, which takes up the tenth highest place-in front of Avalanche (Avax) and behind Terra (Luna).
In addition to the ETPS Cardano, Polkadot and Solana, Valor A Uniswap (Uni) Fund and its toll-free products Bitcoin Zero and Ethereum Zero.
Valor CEO Tommy Fransson announced in an email that the company had decided to list the new products in Frankfurt after it had found a demand for its cardano and polkadot ETPs on the Swedish market.
The executive did not comment on which metrics it rates when they decide to introduce a single-asset product.
Valor intends to bring these products to other regions, said Fransson, but without indicating which countries.
"We check whether we can offer more single-asset products, but also baskets, topics and indices," said the CEO. "We think that we are only at the beginning of the amount of crypto offers on regulated stock exchanges."
The ETP introductions are the youngest in a series of ETP launches outside the United States that focus on assets beyond Bitcoin and Ether.
21aktien The world's largest issuer of crypto ETPs has launched products that focus on AAVE (AAVE) in the past few weeks. Chainlink (link), uni, decentraland (mana) and ftx token (ftt).
The company's CEO, Hany Rashwan, said Blockworks beforehand that the company was striving to have ETPs by the end of 2022, which in his opinion support top 50 cryptocurrencies.
Coinshares introduced Polkadot and Tezos ETPs in Germany last month, which are designed to share staking rewards with investors.
According to a coin shares report published on Monday, investment products for digital assets recorded in the past week of $ 75 million. Recently created altcoin offers that track terra, Tezos and Cosmos had inflows of $ 2.2 million, $ 900,000 or $ 600,000
The Grayscale -based company published a list of 25 new digital assets in which it would like to invest, including Algorand (Algo), Axie Infinity (Axie), Cosmos (atom), Fantom (FTM) and Helium (HNT). The company recently included the AMP (AMP) payment network in its investment mix.
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The Post Cardano, Polkadot Etps Hit Frankfurt Stock Exchange is not a financial advice.