VanEck continues with its cryptocurrency-related exchange-traded notes in Europe by launching such products tracking the performance of Solana, Tron, and Polkadot on the Xetra Deutsche Borse. Tron’s ETN has gone a step further as it will also go live on Euronext in Paris and Amsterdam, updated the project’s founder.
- VanEck, the global investment manager, outlined earlier this week that it had three new ETNs launched on Germany’s Xetra exchange – for Solana, Tron, and Polkadot.
- The company’s portfolio of exchange-traded notes tracking the performance of various digital assets continues to increase.
- Justin Sun, the CEO of Tron, later updated that VanEck TRX ETN, which has the ticker VTRX, will also be listed on the Euronext stock exchange in Paris and Amsterdam.
- Sun concluded that “TRX ETN continues to be favored and supported by the global mainstream market.”
- He believes this is a “crucial” step for the company’s compliance and globalization strategy, and it could also enable investors to purchase the native token “without borders and low thresholds.” VTRX should start trading on September 24th at 9:00 CEST.
- While VanEck has had success with its ETN listings in Europe, its attempts for an exchange-traded fund in the US have seen little-to-no progress.
- The company has filed several applications with the SEC to launch a BTC ETF (and other cryptocurrency-focused ETFs). It had to withdraw a few of its earlier filings, while the Securities and Exchange Commission delayed the decision on the latest one earlier this year.