British Crypto Firm Launched Polygon, Cosmos And Avalanche ETPs

A British Crypto firm dubbed ETC Group launched three crypto ETP products that track the price of Cosmos, Polygon, and avalanche as we can see more today in our latest cryptocurrency news.

The British crypto firm announced the new launch and according to the reports, eTC GRoup Physical Avalanche ETP, Physical Cosmos ETP, and Physical Polygon ETP will track the price of MATIC, ATOM, and AVAx. The new products were unveiled via white-label ETF issues HAnetf and listed on the Six Swiss Exchange as well as Deutsche Borse with an expense ratio of 1.95%.

The latest addition by the ETC group took its tally on crypto ETPs to eight and the company also launched ETPs tracking for Bitcoin Cash, Ethereum, Cardano, Solana, Polkadot, and Litecoin. The CEO of ETC Group Bradley Duke commented:

“Investors are increasingly interested in adding some of the newer, innovative cryptocurrencies to their portfolios – especially those amassing large market cap. The addition of these ETCs offers investors high quality, physically-backed digital assets, underpinned by our partnerships with liquidity providers to deliver liquidity and tight trading spreads.”

ETPs are becoming a popular way for institutional investors in Europe to gain access to the crypto industry and most of the interest has been boosted by the huge rise of BTC in the past few years. The continued embrace from the establishments like Ruffer Investment Company and the financial institutions like UBS, Goldman Sachs, and JPMorgan, purchased these investment vehicles for a rising number of clients which also drove the interest in crypto exposure.

Earlier this month, the ETC Group and HANetf unveiled the first metaverse ETF in Europe, Metaverse UCITS ETF with the ticker METR that was listed on the London Stock Exchange. Also, asset manager Fidelity International announced the launch of two new BTC ETPs on the SIX Swiss exchange. The head of Fidelity also said these products will enable clients in Europe to obtain access to crypto in a secure way. While ETFs struggle to impress regulators, ETPS are dominating in Europe because of their infrastructure that accommodates teh guidelines.

Also, The American ETF provider WisdomTree expanded its crypto products by launching three new crypto exchange-traded products backed by Cardano, Polkadot, and Solana. WisdomTree announced the launch of the three ETPs.