21Shares AG, one of the first companies to start creating crypto Exchange Traded Products (ETPs), announced today that is launching the world’s first Polkadot ETP called “DOT ETP” on the regulated segment of the Swiss stock exchange (SIX Exchange).
This launching is scheduled to happen on Thursday, February 4th, 2021. Explaining why the company decided to launch a new ETP, the CEO of 21Shares AGHany Rashwan narrated the troubles some investors face with the present Polkadot and how the DOT ETP will solve it.
Polkadot works as a bridge between other blockchains for communication, sharing security features, and transferring assets freely amongst themselves. However, the blockchain system makes it difficult and technical for non-professional users to buy and hold and interact with it.
Owning to the public’s recent stream into the cryptocurrency asset sector, the company had to find a solution for easy access. Creating the Polkadot ETP reduces the troubles and technicalities, allowing newcomers to utilize the system well in the crypto-asset industry.
Also, 21Shares recently recorded a 5x increase in the demand for crypto ETPs since the third quarter of 2020, primarily from institutional investors who prefer an institutional-grade ETP over other structures on the market.
So through the launch of the DOT ETP, customers will now conveniently invest amongst various ETPs that the company offers, and also “gain exposure to the multi-chain application environment that enables cross-chain interoperability on a level previously not possible via their traditional broker or bank.”
Clients will also be exposed to more features as 21Shares AG is planning on adding 2 to 3 more innovative ETPs as well as new European exchange listings in the next three months and likely boast as the only crypto ETPs with the highest number of crypto ETPs and on so many European exchanges’ regulated segments.
Concerning the launch and the future projects the company has in store, Hany Rashwan said, “We remain committed to the unprecedented demand we are seeing from institutional investors wanting exposure to crypto-assets, and 21Shares remains ahead of the curve for delivering innovative yet simple financial products on the market. Our expertise and experience reflect the clear advantage we have over other market participants.”
Indeed the company is focused on achieving heights when it comes to providing cryptocurrency ETP. Late last year, they recorded a massive $100 million in assets under their management, right after the recent price rallies of the crypto market’s significant digital assets.
