Cryptocurrency exchange-traded product (ETP) provider 21Shares is set to launch Polkadot ETP for the first time. On Tuesday, 21Shares announced that DOT ETP will be listed on the Swiss Six Exchange on 4th February. On 29th January, Polkadot was added in Crypto Basket ETP or HODL which is another major ETP product by 21Shares. HODL has enlisted the five most significant crypto assets including Bitcoin and Ether whereas it removed Bitcoin Cash from the list. Now DOT ETP is being listed as the second major digital asset after Bitcoin.
Polkadot is the newest blockchain-based protocol that connects multiple blockchains in a single network.
HODL Releases Data Regarding Polkadot
The current data from MV Index Solution, as released by HODL suggests that Polkadot consists of almost 27% of the ETP product whereas BTC accounts for 50% of it.
A 21Shares spokesperson recently declared that the company cannot decide which constituents to add, remove, increase, or decrease. It is up to MVIS to decide these factors about the constituents.
He also added that it is the perfect time for 21Shares for adding DOT ETP to the Crypto Basket ETP as it will create a better opportunity for the product-based company which already provides a great domain of crypto-asset ETPs.
CEO of 21Shares Hany Rashwan stated that the company will remain committed to the rising demand for the ETP from investors of various sectors. He also suggested that the company plans to enlist more ETPs in the next few months. Rashwan informed that the firm is immensely benefited from its partners and the launch of Polkadot will continue to provide the traders a well maintained, safe, and simple way to get more familiar with this blockchain technology.
DOT came into focus after it overtook Ripple Labs’ XRP in January. Recently the ETP is at $16.82 after rising almost 5% in the last 24 hours. DOT showed a significant rise of 82% over the previous month.
Crypto enthusiasts observe the rising price of DOT as a better opportunity in the crypto market.
