​ETP based on Tezos starts trading at Deutsche Börse London-b | Cryptocurrency Bitcoin NEWS

​ETP based on Tezos starts trading at Deutsche Börse

London-based ETC Group has announced the listing of Xetra from Deutsche Börse's structure of a Tezos-based Exchange Traded Product (ETP) (XTZ).

The physically backed instrument received the ticker EXTZ. It is available to investors from 16 EU countries.

“We are responding to the demand from institutional investors looking to invest in the competitors of Bitcoin and Ethereum. Tezos has established itself as a platform for the execution of smart contracts, cross-border payments and dapps, ”commented ETC Group co-CEO Bradley Duke.

The company plans to launch ETP based on Polkadot, Solana, Stellar and Cardano.

On November 9, the volume of assets under the management of the ETC Group exceeded $ 2 billion, of which $ 1.6 billion falls on Bitcoin-ETP.