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Deutsche Boerse Rolled Out Solana & Polkadot ETNs Via VanEck

By | September 22, 2021

Stock market operator Deutsche Boerse from Germany has reportedly made further strides across the crypto derivatives field, via completing the listing of three new crypto exchange-traded notes (ETN) via VanEck.

Specifically, Deutsche Boerse reportedly published the official announcement on September 21st, revealing supporting features for the trading VanEck’s new ETNs on Polkadot’s DOT, Solana (SOL) and Tron (TRX) across its digital stock exchange, Xetra, and the Frankfurt Stock Exchange.

The freshly completed listing will reportedly help widen the scope of Deutsche Boerse’s crypto ETN offerings, with the firm has initially rolled out the same kind of crypto-centric products, for coins like Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC). 

“All crypto ETNs tradable on Xetra are physically collateralized and listed on the Regulated Market of the Frankfurt Stock Exchange”.

Per Deutsche Boerse, the investors will reportedly have the freedom to buy crypto ETNs that bear resemblances with shares or exchange-traded funds (ETF), without the involvement of an active crypto wallets.

“Through central clearing, institutional investors also benefit from significantly reduced risks in settlement of transactions” The company further revealed. 

VanEck additionally disclosed that the new products will reportedly be in line with initial rollouts of exchange-traded products focusing on Bitcoin and Ether. 

“Further ETNs are now following in order to open up the future market of cryptocurrencies for European investors. With this step, the accomplished ETF provider further expands its pioneering role for innovative and future-oriented investment solutions”.

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