ETF Stream published a blog post stating that ETC Group, a British crypto-investment company has introduced new exchange-traded products for cryptocurrency (ETPs), such as Polygon (MATIC), Cosmos (ATOM), and Polygon (MATIC).

These ETPs not only track the cryptocurrency value but also physically back them. This means that settlements of crypto ETPs will be made in the actual asset and not in a cash equivalent.

AVAX, MATIC and Cosmos get new ETPs

ETC Group launched the world’s first ETP in 2020. ETC Group launched the first global exchange-traded fund (ETF) in 2020. These funds are physically-backed and track various digital assets.

Bradley Duke, the founder of ETC Group, noted that investors have become “increasingly interested” in gaining exposure to the hottest Altcoins to diversify their portfolios. Thus, the creation of:

• ETC Group Physical Avalanche ETP, (AVAL)
• ETC Group Physical Cosmos ETP;
• The ETC Group Physical Polygon ETP MTCE

Duke says that ETC Group’s most recent crypto ETPs provide a significant level of liquidity to facilitate high-quality trading.

Per the announcement, the new ETPs have been listed on Zurich-based ‘Six Swiss Exchange’ and Frankfurt-based ‘Deutsche Boerse’ with total expense ratios (TERs) of 1.95%.

Flipside

• Cryptocurrencies still are considered high-risk assets. This is the reason why they remain unpopular among crypto ETPs.

Why you should care

Investors will enjoy important diversification advantages with crypto ETPs, as they are protected from the macroeconomic factors that influence stock markets.

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