World’s First Polkadot ETP to Be Noted on 6 Exchange

21Shares AG, among the leading providers of crypto exchange-traded products (ETPs) announced today that it is launching the first-ever Polkadot ETP on the Swiss Stock Market (6 Exchange). The company likewise pointed out that Polkadot was included in the 21Shares HODL basket ETP as the second-largest constituent recently.According to the main

statement, the Polkadot ETP will permit clients to invest and diversify their portfolios. The company pointed out that it has actually seen a significant rise in need for crypto properties recently.Polkadot is an open-source multi-chain procedure that permits cross-chain transfers of information or possessions. It imitates a structure that enables otherwise independent blockchains to interact with each other.Suggested articles ACY Securities Set to Provide TV-Style Trading Cup Virtual FinaleGo to article >

> Polkadot (DOT)is the fifth-largest cryptocurrency in the world with an overall market cap of more than $15 billion >>

. DOT is presently trading near$17, up more than 80 %considering that the start of 2021. The marketplace cap of DOT jumped above Cardano, Litecoin, and Chainlink in January.Commenting on the current announcement, Hany Rashwan, CEO of 21Shares AG, said: “European investors are approaching us to release brand-new products based upon other key crypto assets to enable them easy access without the need for a private key or uncontrolled wallets and exchanges. We take advantage of relied on partners for the liquidity arrangement and upon continued institutional need, we are launching the DOT ETP to provide investors a safe, managed, and easy way to get direct exposure to this exciting brand-new blockchain innovation.”Physically Backed Polkadot ETP The business discussed that every single share available in the Polkadot ETP will be backed by the physical DOT tokens.”The DOT ETP will allow customers to invest, diversify through its various ETPs, and gain direct exposure to the

multi-chain application environment that makes it possible for cross-chain interoperability on a level previously not possible by means of their traditional broker or bank. The ETP structure means that the product benefits from 100%physical collateralization. In addition, on exchange liquidity arrangement is assured by our existing ETP market markets who have actually supported us given that inception back in November 2018. This permits even more conservative institutions to safely hold this asset class through an Exchange Traded Item, “the main statement states. Published at Tue, 02 Feb 2021 13:08:32 +0000


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