Three more crypto-related products from VanEck have appeared on the listing of the German stock exchange Deutsche Börse – ETN on DOT, SOL and TRX.
According to Deutsche Börse, VanEck’s Exchange Traded Bonds (ETNs) on DOT, SOL and TRX are now listed on the Xetra digital stock exchange and the Frankfurt Stock Exchange. New ETNs have added to the number of cryptocurrency products on Deutsche Börse – previously similar products were launched on the stock exchange on BTC, ETH, BCH and LTC.
“All crypto ETNs traded on Xetra are physically backed and listed on the regulated market of the Frankfurt Stock Exchange,” the statement said.
VanEck noted that the new products will expand access to the cryptocurrency market for European investors. According to Deutsche Börse, investors can access cryptocurrencies through ETNs without having to worry about storing cryptoassets:
“Through centralized clearing, institutional investors also benefit from significant risk reduction in settlement of trades.”
As a reminder, Deutsche Börse’s derivatives division announced in August that it would offer institutional investors access to BTC investments on the regulated Eurex exchange with a centralized clearing system.
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