Crypto: New ETPs in Europe for Solana, Cardano and Polkadot


© Reuters.

Investing.com – U.S. exchange-traded fund (ETF) provider WisdomTree continues to expand its cryptocurrency products in Europe by launching three new (SOL)-backed cryptocurrency exchange-traded products (ETPs), ( ADA) and (DOT).

These ETPs are already listed on major European digital exchanges such as Deutsche Boerse (DE:) and the Swiss exchange SIX. Pan-European stock exchange Euronext is expected to list crypto ETPs in Amsterdam and Paris on Thursday.

ETPs are designed to provide investors in Europe with another option to gain exposure to the price of Solana, Cardano, and Polkadot through regulated exchanges.

WisdomTree’s European head, Alexis Marinof, said this new offering aims to meet growing demand from institutional investors to diversify their cryptocurrency portfolio. “While the and the attract headlines, altcoins are now viable options for many institutional investors, providing more options to diversify their crypto holdings as they would with any other asset class.”

Indeed, cryptocurrencies like Solana, Polkadot or Cardano seem to be bouncing back after months of corrections. Cryptos in general were suffering from the uncertainty surrounding monetary policy tightening and the effects of the war in Ukraine as well as current regulatory efforts.

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