Bitcoin
BTC$70 152.46

-0.52%

Ethereum
ETH$3 539.66

-0.62%

Tether
USDT$1.000055

0.06%

Binance Coin
BNB$618.69

6.32%

Solana
SOL$185.73

1.30%

XRP
XRP$0.629488

1.71%

Polkadot ETP hits Swedish stock market


02 Jun 2021

#Polkadot

The mainstream market now has a new way of buying and selling the crypto asset Polkadot - via an exchange-traded product. The mainstream-finance world has taken notable strides to incorporate various crypto assets. A new exchange-traded product (ETP) for Polkadot (DOT) recently surfaced on a mainstream exchange in Sweden. The Nordic Growth Market (NGM) is an equities market based in Sweden holding regulatory approval in the country, and serves participants from multiple countries.

The NGM now hosts buying and selling for the DOT ETP, officially labeled as the “Valour Polkadot (DOT) SEK,” according to a public statement provided to Cointelegraph. The ETP is a product of Valour, a company that produces digital asset-based ETPs. The product went live on the exchange on Monday, under a company Valour’s parent company DeFi technologies.

“This is a particularly exciting time for the Polkadot protocol with the upcoming launch of its parachain functionality, providing increased scalability and finalizing its core build,” Valour’s CEO Diana Biggs said, as quoted in the public statement. “Our launch of Valour DOT SEK is a direct response to increased demand from both retail and institutional investors for access to further innovative blockchain protocols via our ETPs.”

Over the years, mainstream entities have paved more traditional roadways for cryptocurrency exposure, such as the Chicago Mercantile Exchange’s Bitcoin (BTC) and Ethereum futures, Grayscale’s crypto-based products and Canadian Bitcoin exchange-traded funds. Using traditional stock market measures, participants can buy and sell the DOT ETP, which is backed by the crypto asset DOT.

“For each exchange-traded product of Valour that is bought and sold on the stock exchange, Valour purchases or sells the equivalent amount of the underlying digital assets, meaning the products are fully backed at all times,” the statement referring to Valour’s ETPs in general.


Related

Moonbeam (GLMR) launch brings EVM interoperability closer to the Polkadot network
Moonbeam (GLMR) launch brings EVM interoperability closer to the Polkadot network
Polkadot price moves higher as parachain auctions reduce DOT’s circulating supply
Polkadot price moves higher as parachain auctions reduce DOT’s circulating supply
Polkadot to debut parachain auctions after governance vote
Polkadot to debut parachain auctions after governance vote
Three reasons why Polkadot is en-route to a new all-time high even after a 256% rally
Three reasons why Polkadot is en-route to a new all-time high even after a 256% rally
Polkadot (DOT) ends weekend with 10% surge
Polkadot (DOT) ends weekend with 10% surge
Reasons why Polkadot could be the next altcoin to hit a new all-time high
Reasons why Polkadot could be the next altcoin to hit a new all-time high
Polkadot (DOT) and Kusama (KSM) skyrocket in price after attracting $30M in funding
Polkadot (DOT) and Kusama (KSM) skyrocket in price after attracting $30M in funding
Raise a PINT to Polkadot’s new index token: Six top projects sign up
Raise a PINT to Polkadot’s new index token: Six top projects sign up
Cross-chain DEX to be deployed on two layer-two solutions on Polkadot
Cross-chain DEX to be deployed on two layer-two solutions on Polkadot

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 75.2% 42 $70 152.46 -0.52% 9.16% $1 379 720 746 792 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 72% 50 $3 539.66 -0.62% 3.84% $425 009 559 105 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.4% 1 $1.000055 0.06% 0.01% $104 510 091 029 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 62.4% 80 $618.69 6.32% 10.23% $92 516 482 129 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 56.8% 88 $185.73 1.30% 7.23% $82 540 602 104 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 82.8% 28 $0.629488 1.71% 1.58% $34 548 992 989 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 92.8% 2 $0.999994 0% 0.01% $32 521 963 256 USDC 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 65.2% 66 $0.214140 -0.90% 38.70% $30 764 569 227 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 66.4% 66 $0.657719 1.87% 5.93% $23 404 582 255 ADA 7 days price change
10 Avalanche (AVAX) AVAX Avalanche predictions 61.6% 87 $53.69 -0.22% -5.45% $20 263 976 659 AVAX 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 54.4% 94 $0.000031 -3.91% 14.05% $18 113 315 993 SHIB 7 days price change
12 Toncoin (TON) TON Toncoin predictions 60.8% 86 $4.97 -0.13% 16.21% $17 248 308 780 TON 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 72% 49 $9.60 1.61% 6.27% $13 699 255 317 DOT 7 days price change
14 Bitcoin Cash (BCH) BCH Bitcoin Cash predictions 70.4% 57 $624.46 9.73% 52.78% $12 291 074 092 BCH 7 days price change
15 Chainlink (LINK) LINK Chainlink predictions 76.8% 42 $19.01 -1.40% 5.62% $11 160 064 412 LINK 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2024 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.