Cardano (ADA) & Polkadot (DOT) ETPs Now Listed On Frankfurt Stock Exchange

By Kevin • February 15, 2022 3:26 pm • Comments

Frankfurt’s stock exchange just launched two new exchange traded products (ETPs) which will track the price of Cardano and Polkadot respectively.

This latest news came after the stock exchange had previously listed an ETP that focus on Solana specifically which marks the continual progress of crypto assets being merged with traditional financial markets.

The ETPs are provided by DeFi Technologies subsidiary Valour which has created ETPs already for a variety of different digital assets which include Uniswap, Bitcoin zero, and Ethereum zero.

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The company mentioned that the decision to do this was because there was significant demand from the market in the Swedish market and predicted that this demand would also persist in the Frankfurt market.

Blockworks.co reports:

Valour CEO Tommy Fransson told Blockworks in an email that the firm decided to list the new products in Frankfurt following the demand it saw for its Cardano and Polkadot ETPs in the Swedish market.

The executive noted that investor utility of a particular asset is more important than its market cap when choosing to launch a single-asset product.

Valour intends to bring these products to other countries, Fransson said, including Switzerland and Austria.

“We are looking into bringing more single-asset products but also baskets, themes and indices,” the CEO explained. “We think that we are only at the beginning of the amount of crypto offerings on regulated exchanges.”

The ETP launches are the latest in a series of ETP launches outside the US focused on assets beyond bitcoin and ether.

The company is not the only one so far who has ventured into the space in launching crypto related ETPs in financial markets.

So far, 21Shares is the largest issuer of such products and has released ETPs for assets like Chainlink, UNI, and MANA as well.

The CEO of 21Shares has stated that they are looking to expand their offerings and are targeting the top 50 coins by market capitalization which would certainly merge the new emerging industry with many stock exchanges.

Products for Cardano and Polkadot are only the first among a long list of assets which has made investors bullish about the overall growth of these assets once they are easily tradable and accessible from mainstream platforms.

EFTexpress reports:

The Valour Polkadot (DOT) EUR ETP (ISIN CH1114178812) precisely tracks the price of DOT, the native token of the Polkadot protocol.

The Polkadot network, after years of development, has advanced in bringing Ethereum Virtual Machine (EVM compatibility) to its parachain network by onboarding Moonbeam GLMR.

Valour’s Polkadot ETP makes investment in this leading decentralised platform simple, secure, and cost-effective. DOT is currently among the top fifteen cryptocurrencies in the world by market capitalisation, at USD21.65 billion as of Feb 10, 2022.

The Valour Cardano (ADA) EUR ETP (ISIN CH1114178820) tracks the performance of the native token of Cardano, the governance token of the world’s largest decentralised exchange.

Valour’s Cardano ETP makes investment in this leading decentralised finance (DeFi) platform cost-effective, easier and more secure. DOT is currently among the top 10 cryptocurrencies in the world by market capitalisation, at USD40.18 billion as of Feb 10, 2022.

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