VanEck Lists Polkadot and Tron Exchange-Traded Notes (ETN) on Deutsche Börse
VanEck has listed three more ETNs, including Polkadot's and Tron's, at the Deutsche Börse. These now join other similar products tracking Bitcoin, XRP, Ethereum, Litecoin, and Bitcoin Cash.
All these ETNs are available for trading at the Frankfurt Stock Exchange, allowing regulated institutions to gain exposure for listed products. According to VanEck, all ETNs are physically backed. This means holders can acquire them like they do shares, ensuring that every share represents a portion of the digital asset being tracked.
As crypto matures, more institutions would demand exposure to diversify their bases or enhance returns. Cryptocurrencies like BTC continue to outperform the traditional markets, and regulators are now assessing them. In some jurisdictions, several complex products like Futures and ETFs are currently approved.
Announcing these ETNs, VanEck said they are opening up the cryptocurrencies market for the European investor.
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