Deutsche Boerse Expand Crypto Offering to Include Polkadot, Solana, and Tron ETNs

Deutsche Boerse Expand Crypto Offering to Include Polkadot (DOT), Solana (SOL), and Tron (TRX) ETNs

“Solana has grown remarkably and became an institutionally investable asset,” says FTX Head of Product, while Tron founder Justin Sun sees this listing as “a testament to TRON’s robust crypto ecosystem.”

Asset manager VanEck has listed three new crypto ETNs on Xetra Deutsche Börse to include the digital assets Solana (SOL), Polkadot (DOT), and Tron (TRX). SOL -9.96% Solana / USD SOLUSD $ 130.14
-$12.96-9.96%
Volume 4.8 b Change -$12.96 Open $130.14 Circulating 297.1 m Market Cap 38.66 b
1 h Deutsche Boerse Expand Crypto Offering to Include Polkadot (DOT), Solana (SOL), and Tron (TRX) ETNs 3 h Crypto Products Record Inflows for the 5th Straight Week; Bitcoin, Ether, and Solana Account for Over 64% of It 23 h Bitcoin Price Flash Crashes to $5,400 on Solana-based Oracle Pyth Network Causing Liquidations
DOT -6.76% Polkadot / USD DOTUSD $ 27.64
-$1.87-6.76%
Volume 3.16 b Change -$1.87 Open $27.64 Circulating 987.58 m Market Cap 27.3 b
1 h Deutsche Boerse Expand Crypto Offering to Include Polkadot (DOT), Solana (SOL), and Tron (TRX) ETNs 4 d It Isn’t Layer 1 or Layer 2, It’s Time for LayerZero 1 w Solana (SOL) Dominating Institutional Interest, Accounting for Over 86% of the Total Inflows
TRX -2.66% TRON / USD TRXUSD $ 0.09
$0.00-2.66%
Volume 1.91 b Change $0.00 Open $0.09 Circulating 71.66 b Market Cap 6.63 b
1 h Deutsche Boerse Expand Crypto Offering to Include Polkadot (DOT), Solana (SOL), and Tron (TRX) ETNs 6 d Ether Address Growth Surpasses Bitcoin, A Record 7.5 Million Addresses Holding at Least $1 Worth of Stablecoins 1 w More than 65% of South Korean Crypto Exchanges to Shut Down Once FSC Deadline Hits

These crypto-assets were selected from about 100 possible candidates on the basis of uses and functionality, the number of transactions, availability on the exchanges, track record, development team, and market capitalization, according to the official announcement.

“Solana has grown remarkably and became an institutionally investable asset,” said Ramnik Arora, Head of Product at FTX, a crypto derivatives platform that backs the faster and cheaper Ethereum competitor.

Meanwhile, Tron creator Justin Sun saw this listing as “a testament to TRON’s robust crypto ecosystem and its successful drive to expand our global roadmap.”

Investors will now be able to participate in the development of these cryptocurrencies on an exchange-traded basis at a total expense ratio of 1.5% without having to buy the underlying asset themselves.

With these new listings, crypto ETNs will expand beyond just the top two digital assets, Bitcoin (BTC) and Ethereum (ETH), for European investors. BTC -5.59% Bitcoin / USD BTCUSD $ 41,619.30
-$2,326.52-5.59%
Volume 43.49 b Change -$2,326.52 Open $41,619.30 Circulating 18.82 m Market Cap 783.37 b
9 min Brazilian Asset Manager BTG Launches Bitcoin Trading Platform 1 h Deutsche Boerse Expand Crypto Offering to Include Polkadot (DOT), Solana (SOL), and Tron (TRX) ETNs 3 h Crypto Products Record Inflows for the 5th Straight Week; Bitcoin, Ether, and Solana Account for Over 64% of It
ETH -6.94% Ethereum / USD ETHUSD $ 2,887.64
-$200.40-6.94%
Volume 27.04 b Change -$200.40 Open $2,887.64 Circulating 117.62 m Market Cap 339.63 b
1 h Deutsche Boerse Expand Crypto Offering to Include Polkadot (DOT), Solana (SOL), and Tron (TRX) ETNs 3 h Crypto Products Record Inflows for the 5th Straight Week; Bitcoin, Ether, and Solana Account for Over 64% of It 5 h Bitcoin Moving in Tandem with S&P 500 as the Fed Begins its Meeting; Funding Goes Negative Across the Board After Wiping Out $1.2B

“Ethereum continues to grow in popularity, but younger platforms also offer many advantages, such as lower transaction costs or faster processes,” says Martijn Rozemuller, CEO at VanEck Europe.

According to Rozemuller, both Bitcoin and Ether are “strongly established in the market,” and their low correlation to other asset classes makes them a good opportunity to diversify one’s portfolio.

However, with thousands of cryptocurrencies available in the market and no one knowing which will be the most important in the next decade, “Investors should therefore be given the opportunity to invest broadly in digital assets as well,” he said.

This article is Originally posted on CoinCentral.com
Author: AnTy

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