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).
Image Source: Flickr
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
Circle of Games (COG)—Web3's multi-gaming platform has raised a $1mn round from Nazara, with participation…
Unconference Bali 2024, Asia’s premier Web3 event, is poised to take center stage against the…
Tradeleaf, a leading FinTech company empowering global trade through digital solutions, recently celebrated a significant…
Foundership Global Accelerator, a prominent force in the Web3 & Emerging-Tech Community boasting over 10,000…
April 16, 2024 - Condo, the world's first real-world asset (RWA) meme token, was recently…
The Partisia Blockchain Foundation, at the forefront of crafting privacy-enhancing and interoperable blockchain platforms, today…