Goldman Sachs, JPMorgan, UBS buy the first ETP offering exposure to Polkadot’s DOT

2021-2-19 12:00

Data from the Bloomberg Terminal has revealed that some of the biggest Wall Street players have bought the world’s first exchange-traded product (ETP) for Polkadot. Goldman Sachs, JPMorgan, UBS, and ICAP have all bought different amounts of the Polkadot ETP shares, signaling the rising institutional appetite for crypto derivatives.

Major Wall Street players experimenting with a Polkadot ETP

The latest news coming out of Wall Street has shown that some of the largest industry players have shown a rising interest in the diverse product offering of the crypto market. According to data from Bloomberg Terminal obtained by CoinDesk, Goldman Sachs, JPMorgan, UBS, and ICAP have all bought the world’s first exchange-traded product (ETP) that offers exposure to Polkadot’s DOT token.

Launched at the beginning of February by 21Shares, a Swiss investment product provider, the Polkadot ETP (ticker: PDOT) is listed on the Swiss SIX Exchange. According to Laurent Kssis, the head of ETP at 21Shares, the Polkadot ETP currently has over $15 million in assets under management.

Data from Bloomberg Terminal revealed that Goldman Sachs purchased three lots of shares on behalf of a client. UBS, on the other hand, purchased 2,770 shares, while Bank of America’s Merrill Lynch bought 2,200 shares. ICAP purchased 1,000 shares, while JPMorgan bought 500.

Instinet, a broker-dealer owned by Japan’s Nomura Holdings, was the biggest investor in Polkadot’s ETP, having purchased 9,280 shares.

Bloomberg Terminal data showing brokers that have purchased shares of the Polkadot ETP. Wall Street execs stay silent while the popularity of ETPs explodes

A spokesperson for Goldman Sachs said it had no knowledge of the trades and that they would be looked into. None of the other companies shown to have bought the Polkadot ETP have responded to queries from journalists as of press time.

Nonetheless, the number of Polkadot ETP shares sold since the beginning of the month shows that there is significant demand from institutional investors for products that offer crypto exposure. Investing in exchange-traded products enables institutions to reap the benefits of a token’s performance without having to worry about custody. ETPs also offer institutions a way to comply with regulations.

The increased interest is seen clearly in the number of new products added to the SIX Exchange. There are currently six ETP providers with cryptocurrency products listed on the exchange and 34 ETPs listed in total. Users can buy shares of Bitcoin Cash ETP,   Binance BNB ETP, Ethereum ETP, Ripple ETP, Tezos ETP, and FiCAS Active Crypto ETP.

The post Goldman Sachs, JPMorgan, UBS buy the first ETP offering exposure to Polkadot’s DOT appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Metaverse ETP (ETP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0117667
Капитализация $0 Rank 99999
Цена в час новости $ 0.1366 (-100%)

etp polkadot dot buy goldman exposure offering

etp polkadot → Результатов: 12


СМИ: клиенты банков Уолл-стрит инвестируют в Polkadot через ETP

Клиенты инвестиционных банков Goldman Sachs, JPMorgan и UBS оказались среди покупателей торгуемого на бирже продукта (ETP) на базе Polkadot от фирмы 21Shares. Об этом пишет CoinDesk со ссылкой на данные терминала Bloomberg.

2021-2-18 15:50


Фото:

21Shares becomes the first company to roll out a Polkadot ETP

Zurich-based 21Shares AG, the firm that pioneered crypto exchange-traded products (ETPs), has unveiled that it seeks to launch the world’s first Polkadot ETP. Formerly known as Amun, the company revealed this news via a press release, noting that the product is dubbed DOT ETP and it will launch through the regulated segment of the Swiss […] The post 21Shares becomes the first company to roll out a Polkadot ETP appeared first on Invezz.

2021-2-3 22:10


Компания 21Shares запустит первый в мире ETP на базе Polkadot

Швейцарская компания 21Shares анонсировала запуск торгуемого на бирже продукта (ETP) на базе Polkadot, ориентированного на институциональных инвесторов. 4 февраля DOT ETP начнет торговаться в регулируемом сегменте крупнейшей швейцарской фондовой биржи SIX.

2021-2-2 14:42