Tron Foundation has announced that VanEck Vectors TRON ETN (VTRX) is set to be listed on leading Euronext exchanges. Notably, TRON ETN will be made available for the market in Paris and Amsterdam following a successful listing on the Deutsche Börse exchange. VanEck, a global investment manager with offices around the world, has previously launched different crypto investments vehicles including a Bitcoin ETN (VBTC) back in 2020, and earlier this year an Ethereum ETN (VETH). With a TRON ETN in the market, VanEck anticipates to further open up the market for crypto assets to more investors, particularly institutional investors seeking regulated assets with a higher return on investments.
”Working with industry leaders such as VanEck to make TRON accessible to all is part of our global vision,” said Justin Sun, Founder of TRON. “We are excited to have TRON ETN listed on the Euronext stock exchanges in Paris and Amsterdam, following its listing on Deutsche Börse.”
The listing of TRON ETN is strategic in both companies’ future growth prospects. On one hand, Tron is bound to attract more investors and widen its asset’s global market. On the other hand, VanEck will be moving closer toward its global goal of providing reliable digital assets.
“We are very pleased that with these listings on the Euronext stock exchanges in Paris and Amsterdam, we can make our crypto strategies easily accessible to French and Dutch investors,” says Martijn Rozemuller, CEO at VanEck Europe.
Notably, the market maker is expected to be Flow Traders B.V, whereby the Tron ETN will have a base currency of the United States dollar, whilst the listing currency is expected to be the Euro.
Launched back in 2018, the Tron ecosystem has grown to one of the respectable crypto communities. Ranked position 26 by market capitalization according to metrics provided by CoinGecko, Tron’s TRX continues to rise by the day. Notably, the asset has a market cap of approximately $6.4 billion with its past 24-hour average volume at $1.3 billion. Having gained approximately 229% in the past year, TRX traded around $0.089735 as of today.
The Tron ecosystem has one of the most vibrant developments revolving around stablecoin, decentralized financial markets (DeFi), and community. Its adoption by VanEck that has provided reliable investments since 1955 is a clear testimony of its growing interest.