21Shares to establish Europe’s first Polygon ETP
After launching several popular crypto-related ETPs in the market, 21Shares is ready to list Europe’s first Polygon ETP on the Euronext exchanges in Paris and Amsterdam.
With a rapid increase in the number of users and transaction processing, Polygon has been gaining attraction as a Layer 2 solution that solves soaring gas fees on the Ethereum blockchain. As of now, Polygon has more than 3,000 applications running on its network, making it the most popular Ethereum scaling solution.
As per the announcement, the 21Shares Polygon ETP will be a listed investment product linked to the native token of Polygon. The Paris version will trade in EUR, under the ticker ‘MATIC FP’ and the Amsterdam version will trade in USD and under the ticker ‘MATIC NA’
21Shares listed Polygon ETP for the first time on the Swiss stock exchange “SIX” in November, along with launching Europe’s first Avalanche and Algorand ETPs. The Swiss-based company currently manages over $2.9 billion in assets under management in 20 cryptocurrencies ETPs and 81 listings.
Euronext is a pan-European exchange that operates stock exchanges in Paris, Amsterdam, Brussels, Milan, and more, and is headquartered in Amsterdam and Paris.
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