![\"Crypto](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2021\/02\/polka-768x432.jpg\")
<\/p>\n<\/p>\n
21Shares AG, a Zurich-based investment provider, is launching what is being dubbed as the world\u2019s first Polkadot exchange-traded product, or ETP.<\/strong><\/p>\n The DOT ETP will be listed on the Swiss exchange SIX on Thursday, February 4, said the company in a statement<\/a> on Tuesday. DOT is the native token of the Polkadot network.<\/p>\n DOT has since been added to 21Shares\u2019 Crypto Basket ETP (HODL), which tracks five major assets including bitcoin (BTC<\/a>) and ethereum (ETH<\/a>). Since its addition on Jan. 29, DOT now accounts for 27% of the product behind BTC<\/a> at 50%.<\/p>\n Hany Rashwan, chief executive officer of 21Shares, said the firm has seen \u201cunprecedented demand\u201d from institutional investors wanting exposure to crypto-assets. He stated that demand for its range of crypto ETPs has soared 500% since the third quarter of 2020, but there has been \u201ca recent surge in interest\u201d for DOT.<\/p>\n \u201cAfter investors purchase their first bitcoins through our ETPs, there is a natural transition to invest in other crypto assets,\u201d Rashwan detailed.<\/p>\n \u201cWe benefit from trusted partners for the liquidity provision and upon continued institutional demand, we are launching the DOT ETP to give investors a safe, regulated, and easy way to obtain exposure to this exciting new blockchain technology,\u201d he added.<\/p>\n Rashwan revealed that 21Shares, an issuer of exchange-traded products, is planning to add up to three ETPs over the next 3 months. He said European investors have been approaching the company to launch new products.<\/p>\n <\/ins> <\/ins> <\/p>\n Created by Ethereum co-founder Gavin Wood, Polkadot is a cross-blockchain that enables transfers of any type of data or asset, not just tokens. It is also used as an electronic payment system.<\/p>\n DOT is now the world\u2019s fifth-largest cryptocurrency, boasting a market capitalization of $16.55 billion, according to data from markets.Bitcoin.com.<\/a> At the time of writing, DOT is trading at $17.22, up 8% over the past 24 hours.<\/p>\n