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SEBA Bank launches polkadot ETP

Third ETP to offer exposure to polkadot

Tom Eckett

a close-up of a silver coin

Swiss issuer SEBA Bank has joined 21Shares and Valour in launching a polkadot exchange-traded product (ETP).

The SA1 Polkadot ETP (SDOT) is listed on the SIX Swiss Exchange with a total expense ratio (TER) of 1.25%.

Polkadot is a blockchain of blockchains that allows otherwise independent blockchains to communicate with each other, share security features and transfer assets freely among themselves.

Swiss crypto issuer 21Shares was the first to launch a polkadot ETP, the 21Shares Polkadot ETP (ADOT), in February followed by Valour which unveiled its version of the crypto in May through the Valour Polkadot SEK ETP in May.

SEBA Bank entered the crypto ETP space in April with the launch of four strategies:

  • Bitcoin Tracker Certificate USD (SBTCU)

  • Bitcoin Tracker Certificate CHF (SBTCC)

  • Ether Tracker Certificate USD (SETH)

  • SEBAX Tracker Certificate USD (SEBAX)

As more assets flow into crypto ETPs, larger issuers such as Invesco and State Street Global Advisors (SSGA) have started eyeing the market as a potential opportunity.

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