Cryptocurrency asset supervisor 21Shares, previously often known as Amun, is launching a Polkadot exchange-traded product (ETP).
The ETP is ready to listing on Switzerland’s SIX trade on February 4, 21Shares announced Tuesday. As soon as listed, it’ll enable traders to successfully maintain Polkadot’s native DOT token as inventory.
21Shares stated the product can be the “world’s first” Polkadot ETP. Final week, 21Shares added DOT to its crypto index ETP (HODL), making the token the second-largest constituent after bitcoin. DOT changed bitcoin money, stated the agency.
Now after including DOT to HODL, 21Shares stated, it’s the “excellent timing” to launch the brand new single-asset ETP tied to DOT.
21Shares presents quite a lot of ETPs which can be listed on European exchanges. CEO Hany Rashwan stated the agency goals to launch two to 3 extra “modern” ETPs on extra European exchanges within the foreseeable future.
As for DOT, the token has not too long ago been within the limelight, particularly after it briefly surpassed XRP when it comes to market capitalization. DOT’s market cap stands at round $16 billion as of the time of writing, whereas XRP’s is at about $17.2 billion, in keeping with tracker Coingecko.