British crypto investment firm ETC Group has launched three exchange traded products (ETP) that track the value of three DeFi altcoin projects. New investment instruments were made available on famous stock exchanges, Zurich-based SIX Swiss Exchange and Frankfurt-based Deutsche Börse. Here are the details of the products…
ETP launched for three DeFi altcoins
ETC Group has launched three products (ETP) traded on the crypto exchange. These products include Avalanche (AVAX), Polygon (MATIC) and Cosmos (ATOM). ETC Group Physical Avalanche ETP (AVAL), ETC Group Physical Cosmos ETP (ATME) and ETC Group Physical Polygon ETP (MTCE) products; Total expense ratios (TER) are listed as 1.95 percent on Six Swiss Exchange and Deutsche Boerse.
This brings the firm’s crypto ETP offerings to eight. As we reported as Kriptokoin.com, last September, Ethereum, Solana, Cardano, Polkadot, Bitcoin Cash and Litecoin ETPs were released.
Here are the details of ETPs
AVAL tracks the capped price of 720 million for Avalanche’s AVAX management token used to transact on the Avalanche network. The network aims to be a platform where any type of asset can be traded in a decentralized manner. ATME monitors Cosmos’ ATOM governance token, a decentralized global network that connects independently operating Blockchains, while MTCE monitors Polygon’s MATIC governance token, an Ethereum side-chain network.
ETC Group earlier this month launched the Global Metaverse UCITS ETF (METR), Europe’s first metaverse ETF traded on the London Stock Exchange. “Investors are increasingly interested in adding some of the newer, innovative cryptocurrencies to their portfolios, especially those with large market caps,” Bradley Duke, founder and co-CEO of the Group, added:
The addition of these ETCs offers investors high quality, physically backed digital assets backed by our partnerships with liquidity providers to provide liquidity and tight trading margins.
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