ETC Group lists Tezos ETP on German stock exchange ‘XETRA’
London-based asset management company ETC Group announced Monday that it has listed Tezos-based exchange-traded product (ETP) on the German stock electronic exchange ‘XETRA’.
The listing of Tezos’ ETP on XETRA allows Institutional-grade investors from 16 European Union countries to access the investment vehicle. The ETP has been listed under the ticker symbol EXTZ.
With the new exchange-traded product, the ETC Group now offers seven investment products on Deutsche Börse, including financial products of layer 1 chains Bitcoin (BTC), Ethereum (ETH), Polkadot (DOT), Solana (SOL), and Ada (ADA).
This is not the first time a Tezos-based ETP has been launched in Europe. In November 2019, Swiss digital asset management company 21Shares AG launched Europe’s first Tezos ETP. The company also launched Europe’s first Polygon (MATIC) ETPs in Paris and Amsterdam in November of this year.
While layer 1 chains Solana and Polkadot gained immense traction in 2021, Tezos is yet to see large-scale adoption. On the other hand, The Recording Academy has recently signed an exclusive partnership with the Tezos-based NFT platform ‘One of NFT’ to release NFTs in honor of the 64th, 65th, and 66th GRAMMY awards.
The #GRAMMYs are coming to Tezos!
NFT platform @OneOfNFT, built on @Tezos, is entering the first-of-its-kind partnership with @RecordingAcad to create digital collectible #NFTs to commemorate the 64th, 65th, and 66th GRAMMY Awards.#Tezos #CleanNFThttps://t.co/boPNYAT9Q0
— Tezos (@tezos) December 9, 2021
The currency outperformed Bitcoin in 2021 by offering more than 110% returns YTD compared to the king crypto’s 60% YTD returns.
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OhNoCryptocurrency via https://www.ohnocrypto.com/ @Jeevan Thomas, @Khareem Sudlow