Bitcoin News and Finance: What You Need to Know

21Shares AG, a Zurich-based investment provider, is launching what is being dubbed as the world’s first Polkadot exchange-traded product, or ETP. The DOT ETP will be listed on the Swiss exchange SIX on Thursday, February 4, said the company in a statement on Tuesday. DOT is the native token of the Polkadot network. DOT has since been added to 21Shares’ Crypto Basket ETP (HODL), which tracks five major assets including bitcoin ( BTC ) and ethereum ( ETH ). Since its addition on Jan. 29, DOT now accounts for 27% of the product behind BTC at 50%. Hany Rashwan, chief executive officer of 21Shares, said the firm has seen “unprecedented demand” 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 “a recent surge in interest” for DOT. “After investors purchase their first bitcoins through our ETPs, there is a natural transition to invest in other crypto asse...