New Litecoin (LTC) and XRP Based ETPs go live in Sweden, Available for EU Investors
The US regulators may not be approving of Crypto exchange-traded products but the European markets are getting familiarised with Crypto related products. A new exchange-traded product for Litecoin (LTC) and XRP are set to go live starting tomorrow on Nordic Growth Market, a subsidiary of Boerse Stuttgart, Germany’s second Largest Exchange.
According to the press release, the two coins will be available for EU investors for the first time “via a regulated exchange alongside other traditional listed investments such as equities or derivatives.” The firm behind the is Stockholm based XBT provider which is responsible for many Crypto products like various price trackers and Bitcoin ETP that went live on the Nasdaq Stockholm exchange back in 2015.
Ryan Radloff, CEO of CoinShares, parent to XBT Provider said in a statement:
“For traditional investors who are interested in trading, and already have accounts with brokers such as Avanza or Nordnet, but may not care to setup new accounts with new, often unregulated, crypto exchanges, two new crypto assets are now available, this is another important step in the professionalization of the infrastructure around this asset class”
An XRP ETP was recently launched on the SIX stock exchange by AMUN, the company also has exchange-traded products for other Cryptocurrencies Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH) and Bitcoin Cash (BCH).
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