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 -2.42% Solana / USD SOLUSD $ 158.37
-$3.83-2.42%
Volume 1.72 b Change -$3.83 Open $158.37 Circulating 300.27 m Market Cap 47.55 b
1 d Decentralized Smart Contract Platform, Cypherium, Joins China's BSN to Boost Blockchain Development 3 d New Non-Custodial, Cross-Chain Browser Wallet to Compete with MetaMask by Focusing on DeFi and NFTs 4 d NFT Deposits and Withdrawals are Now Live on FTX US for Institutional Favorite Solana (SOL)
DOT -3.18% Polkadot / USD DOTUSD $ 41.70
-$1.33-3.18%
Volume 2.48 b Change -$1.33 Open $41.70 Circulating 987.58 m Market Cap 41.18 b
2 d CME Bitcoin Futures Open Interest Cracks A New ATH, Ethereum Aims for $4k Again 2 d Polkadot Sets Launch Date for Initial Parachain Auctions, DOT Soars 17% Ahead of Crypto Market 4 d Institutions Are Back to Pouring Money into Bitcoin as a “Perfect Storm” Brews for the King
TRX -0.97% TRON / USD TRXUSD $ 0.10
$0.00-0.97%
Volume 1.11 b Change $0.00 Open $0.10 Circulating 71.66 b Market Cap 7.1 b
3 w Deutsche Boerse Expand Crypto Offering to Include Polkadot (DOT), Solana (SOL), and Tron (TRX) ETNs 1 mon Ether Address Growth Surpasses Bitcoin, A Record 7.5 Million Addresses Holding at Least $1 Worth of Stablecoins 1 mon 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 -1.70% Bitcoin / USD BTCUSD $ 61,233.72
-$1,040.97-1.70%
Volume 34.98 b Change -$1,040.97 Open $61,233.72 Circulating 18.85 m Market Cap 1.15 t
7 h Euphoria is Back Ahead of ETF Listings: Bitcoin Hits $63k and Ether Nearly $4k as NYSE Certifies “Approval for Listing” 1 d Green Energy Bitcoin Miner, MintGreen, to Supply Heat to 100 Homes in Canada 1 d Australia's Pension Fund Giant with $69 Billion AUM Is Open to Investing in Crypto
ETH -0.90% Ethereum / USD ETHUSD $ 3,836.06
-$34.52-0.90%
Volume 16.85 b Change -$34.52 Open $3,836.06 Circulating 117.95 m Market Cap 452.48 b
7 h Euphoria is Back Ahead of ETF Listings: Bitcoin Hits $63k and Ether Nearly $4k as NYSE Certifies “Approval for Listing” 1 d Bitcoin Breaks Through $61,000 as Euphoria & ‘Greed’ Brings the Money Back In 1 d Indexed Finance's NDX Is Down 92% from ATH After $16 Million Hack Sends it Crashing

“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.

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