According to a Monday post published by ETF Stream, British crypto-investment firm ETC Group has introduced three new cryptocurrency exchange-traded products that follow the value of three cryptocurrencies: Avalanche (AVAX), Polygon (MATIC), and Cosmos (ATOM).
The new investment vehicles are now available on the SIX Swiss Exchange in Zurich and the Deutsche Börse in Frankfurt.
Investors have been “increasingly interested” in acquiring exposure to the hottest altcoins in order to diversify their portfolios, according to ETC Group founder Bradley Duke. According to Duke, the new products provide a significant amount of liquidity for high-quality trading.
Institutional investors can also get exposure to cryptocurrencies like Bitcoin Cash, Ethereum, and Litecoin through ETC Group.
ETPs for Polkadot, Solana, Cardano, and Tezos were also introduced in December by Europe’s leading provider of institutional-grade crypto-backed securities.
The company also made history earlier this month by creating the world’s first metaverse-focused exchange-traded fund (ETP). It allows investors to obtain exposure to a variety of companies working on cutting-edge technologies. Such as virtual reality (VR), augmented reality (AR), and 3D graphics.
In 2020, ETC Group launched the world’s first centrally cleared Bitcoin exchange-traded product, Deutsche Boerse. It surpassed $1.5 billion in assets under management last October, making it the world’s largest physically-backed single cryptocurrency ETP.
The company stated in June that it would list the first Bitcoin ETP in the United Kingdom.
The company now has eight physically-backed exchange-traded funds (ETFs) that follow the value of various cryptocurrencies.
ETC Group has established a strong position on European financial markets by launching its products in Frankfurt, Vienna, Paris, London, Amsterdam, Zurich, and Frankfurt. In comparison to the United States, Europe is believed to be more crypto-friendly.
Related Posts – XRP Price Goes Up After Unexpected Reappearance On Coinbase
