Cryptocurrency News

Polkadot ETP affected the Swedish stock market



The mainstream financial world has taken notable steps to include various crypto assets. A new exchange-traded product (ETP) for Polkadot (DOT) recently surfaced on a mainstream exchange in Sweden.

Nordic Growth Markets now hosts buying and selling for the DOT ETP, officially labeled as “Valor Polkadot (DOT) SEK”, according to a public statement provided to Cointelegraph. ETP is a product of Valour, which produces digital asset-based ETP. The product went live on the exchange on Monday. A company named DeFi Technologies is the parent company of Valour.

“This is an especially exciting time for the Polkadot protocol, with the upcoming launch of its ParaChain functionality, providing increased scalability, and the finalization of its core build,” Valor CEO Diana Biggs said in a public statement. “Our launch of Valor DOT SEK is a direct response to the growing demand from both retail and institutional investors for access to further innovative blockchain protocols via our ETP.”

an equity market based Having received regulatory approval in the country in Sweden, the Nordic Growth Market, also known as NGM for short, serves participants from several countries.

Over the years, mainstream entities have paved the way for more traditional approaches to cryptocurrency exposure, such as the Chicago Mercantile Exchange’s bitcoin and ethereum futures, Grayscale’s crypto-based products, and Canadian bitcoin exchange-traded fund.

Using traditional stock market measures, participants can buy and sell DOT ETP, the crypto asset backed by DOT. Regarding Valor’s ETP, the statement said, “For each exchange-traded product of Valor that is bought and sold on the stock exchange, Valor buys or sells an amount equal to the underlying digital asset, which means that the product will be sold for every exchange-traded product. Timings are fully supported.” .