CRYPTO

Solana and Polkdot ETN are launched by Deutsche Boers Vanek

German stock market operator Deutsche Boers continues to dive into cryptocurrency derivatives by listing three new crypto exchange-traded notes (ETNs) from Vanek.

Deutsche Bowers officially announced on September 21 that Vancouver’s new ETNs Polkdot (dot), Solana (SOL) and Tron (TRX) are now available for sale on its digital stock exchanges Extra and Frankfurt Stock Exchange.

The new listings expand Deutsche Boers’ crypto ETN offer as the company previously began offering similar products in cryptocurrencies such as Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Litcoin (LTC).

“All crypto ETNs listed on Xetra are physically parallel and listed on the regulated market of the Frankfurt Stock Exchange.”

According to Deutsche Boers, investors can buy crypto ETNs similar to shares or exchange-traded funds (ETFs) without the need to set up a crypto wallet.

Related: Eurex Bitcoin Futures Trading, owned by Deutsche Boers

Vanek noted in his own announcement that the new products follow previous launches of Bitcoin and ether exchange-traded products. More ETNs are now following to open up the cryptocurrency market in the future for European investors. Through this initiative, efficient ETF providers further expand their leading role in innovative and future-oriented investment solutions, ”the company wrote.

The news comes in the expansion of the range of crypto derivatives products that Deutsche Boers actively supports across its managed exchanges. On September 13, Deutsche Boers’ derivatives exchange Eurex began trading crypto derivatives with ETC Group’s Bitcoin (BTC) ETN futures product. Earlier this year, Extra ETC Group started trading ether-based ETPs.