How Traditional Exchanges Are Boosting Crypto Adoption
With ETPs, indexes and derivatives, exchanges have started meeting demand for regulated crypto products, explains Kaiko's head of research.
Listing Tuesday, the ETP will track the price of ether and trade under the ticker “ZETH.”
Even with the increase in AUM, average ETP volumes in February dropped 37.8% to $936 million.
The firm said it has brought 12 different crypto ETPs to market, most recently the Polkadot ETP on Feb. 2
This is the firm’s second such product after its "BITC" bitcoin ETP was listed on the SIX exchange in January.
The purchases suggest institutional investors’ appetite for crypto exposure in the bull market goes far beyond bitcoin, or even ether.