German exchange Xetra to list Solana, Tron, Polkadot ETNs
German stock electronic exchange ‘Xetra’ announced on the 20th that it has approved VanEck to list Solana (SOL), Tron (TRX), and Polkadot (DOT) backed exchange-traded notes (or ETN).
VanEck is a US asset management company that will offer these three index-linked securities on the largest European stock exchange, Deutsche Börse.
In addition, Tron’s ETN ‘VTRX’ provided by VanEck will be available for transactions in 14 European Union countries such as Paris, Zurich, and Amsterdam.
VanEck launched Bitcoin ETNsand Ethereum ETNs in 2020 and 2021, respectively. In the United States, VanEck has also applied for Bitcoin and Ethereum ETFs along with several other major financial institutions.
Gabor Gurbacs, director of digital-asset strategy at VanEck, said of the Tron ETN listing:
“We are excited to launch an ETP on TRX on the heels of its growing network usage and user adoption. ETPs provide high-quality market access, transparency, and robust regulatory frameworks to access digital assets, such as TRX.
Ethereum continues to grow in popularity, but younger platforms such as TRON also offer many advantages, such as lower transaction costs or faster processes, and by adding them to their portfolio, an investor increases the diversification, which lowers the overall risk.”
In April of this year, Xetra began handling Bitcoin and Litecoin ETPs and is currently expanding its support for more cryptocurrency-related investment products.
The post German exchange Xetra to list Solana, Tron, Polkadot ETNs appeared first on Our Bitcoin News.
OhNoCryptocurrency via https://www.ohnocrypto.com/ @Gauri Bhatia, @Khareem Sudlow
