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

Deutsche Börse recently expanded its crypto derivatives offering with three new products by investment management company VanEck.

In a press release, VanEck announced the official listing of new Exchange Traded Notes (ETNs) on Polkadot (DOT), Solana (SOL) and TRON (TRX).

German stock market operator dives deeper into crypto derivatives

“Investors now have access to 18 crypto ETNs from six issuers on seven cryptocurrencies,” read the Deutsche Börse press release, announcing listing VanEck’s new ETNs.

The range of crypto ETNs on Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC) has already been successfully established on Deutsche Börse, which counts as Europe’s leading stock exchange.

“Investors therefore no longer have to turn to unregulated crypto venues to invest in cryptocurrencies,” read the press release, underlining that Deutsche Börse was the first exchange worldwide to launch trading in centrally cleared crypto products. 

Choosing the most promising three

Headquartered in New York City, VanEck is a major global fund management company that launched one of the world’s first Bitcoin (VBTC) and Ethereum (VETH) ETNs.

After already launching exchange-traded products on Bitcoin and Ethereum, VanEck added further ETNs in order “to open up the future market of cryptocurrencies for European investors.”

“Ethereum continues to grow in popularity, but younger platforms also offer many

advantages, such as lower transaction costs or faster processes,” said Martijn Rozemuller, CEO at VanEck Europe.

According to VanEck’s press release, Polkadot, Solana and Tron were selected among around 100 possible candidates, based on several criteriy, including utility, functionality, number of transactions, availability on the exchanges, track record and development team, and, finally, market capitalization.

“The successful listing of VTRX, on the heels of Bitcoin and Ethereum, is a fresh testimony to TRON’s robust crypto ecosystem and its successful drive to expand its global roadmap,” according to Justin Sun, founder of the cryptocurrency platform TRON, who celebrated the news on Twitter.

https://twitter.com/justinsuntron/status/1439901583177879554

“It is also a significant milestone in TRON’s effort to keep up with the evolving regulatory environment,” concluded Sun.

 

The post VanEck lists Solana, Tron, and Polkadot crypto ETNs on Deutsche Börse appeared first on CryptoSlate.

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