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Bitpanda unveils four crypto ETPs

Ethereum, solana, cardano and polkdot ETPs launched

Theo Andrew


Crypto investment platform Bitpanda has launched four crypto exchange-traded products (ETPs) tracking etheruem, solana, cardano and polkadot.

The Bitpanda Cardano ETC, Bitpanda Ether ETC, Bitpanda Polkadot ETC and the Bitpanda Solana ETC are listed on Boerse Frankfurt and Deutsche Boerse all with total expense ratios (TER) of 1.49%.

It takes the number of crypto ETPs in the firm’s range to five after it launched the Bitpanda Bitcoin ETC in December with a fee of 2%.

Since then, Bitpanda said investors can get access to their bitcoin ETP at the cut price of 0.99% until 30 September 2022.

The fully-collateralised ETPs track the performance of the underlying cryptocurrency without the investor having to open their crypto wallet.

Eric Demuth, co-founder and CEO of Bitpanda, said: “Enabling new ways of portfolio diversification was the driving force behind Bitpanda’s decision to enter the world of exchange-traded products.

“Investors choosing the traditional route should also be able to invest in cryptocurrencies, simple, safe and hassle-free, via the channels they are already familiar with.”

He added the firm will be launching further ETPs which will also be listed on the Boerse Frankfurt.

Launched in 2014 as a bitcoin exchange, it is the first crypto ETC offering from Bitpanda as it looks to diversify its business beyond retail trading.

In addition to crypto, the firm offers trading in stocks metals and ETFs through its mobile investment platform.

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