London-based ETC Group has announced the listing of a Tezos-based Exchange Traded Product (ETP) (XTZ) on Deutsche Börse’s Xetra.
The physically-backed instrument has 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.
The first Tezos-based ETP in Europe was launched by the provider of cryptocurrency exchange products 21Shares (formerly Amun).
In August, the ETC Group was listed on the Vienna Stock Exchange for three ETPs based on Bitcoin, Ethereum and Litecoin.