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 -4.25% Solana / USD SOLUSD $ 92.98
-$3.95-4.25% Volume 2.55 b Change -$3.95 Open $92.98 Circulating 314.69 m Market Cap 29.26 b 3 w Coinbase Predicts Substantial Growth of Newer L1 Chains & Institutionalization of Regulated DeFi 3 w Bitcoin and Ether Dump More Going Into Year-End, ETH Killers Showing Great Momentum 1 mon Bitcoin and Ether Breaks Trend With Outflows While Altcoins Continue to See Inflows DOT -1.73% Polkadot / USD DOTUSD $ 18.45
-$0.32-1.73% Volume 1.55 b Change -$0.32 Open $18.45 Circulating 987.58 m Market Cap 18.22 b 1 mon Bitcoin and Ether Breaks Trend With Outflows While Altcoins Continue to See Inflows 1 mon SBI Holdings to Launch Japan’s First Crypto Fund; Including BTC, ETH, DOT, LINK, LTC, XRP & BCH 1 mon Solana Unaffected by Price Jitters while Bitcoin, Ether, Polkadot, and Cardano Post Outflows TRX -0.58% TRON / USD TRXUSD $ 0.06
$0.00-0.58% Volume 1.12 b Change $0.00 Open $0.06 Circulating 101.81 b Market Cap 5.81 b 1 mon Bitcoin and Ether Breaks Trend With Outflows While Altcoins Continue to See Inflows 1 mon Justin Sun Stepping Down from Tron (TRX) Leadership To Be A Diplomat For Grenada 1 mon Solana (SOL) Bucks the Trend, Along With Tron (TRX), by Recording Highest Inflows After Bitcoin (BTC): Report
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 1.45% Bitcoin / USD BTCUSD $ 35,859.53
$519.961.45% Volume 26 b Change $519.96 Open $35,859.53 Circulating 18.94 m Market Cap 679.11 b 3 w SEC Commissioner says NFTs Might Fall Within Their Jurisdiction, Gensler Hires Senate Aid for Crypto Policy 3 w A Possible Crypto Recovery Moving Into New Year, Risk-on Sentiments Send The Stock Market to Another Record High 3 w Bitcoin and Ether Dump More Going Into Year-End, ETH Killers Showing Great Momentum ETH 2.22% Ethereum / USD ETHUSD $ 2,491.90
$55.322.22% Volume 16.29 b Change $55.32 Open $2,491.90 Circulating 119.28 m Market Cap 297.25 b 3 w Coinbase Predicts Substantial Growth of Newer L1 Chains & Institutionalization of Regulated DeFi 3 w A Possible Crypto Recovery Moving Into New Year, Risk-on Sentiments Send The Stock Market to Another Record High 3 w The Sandbox Game Is Migrating to Ethereum Sidechain Polygon and Launching A DAO in 2022
“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.
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.