British crypto investment firm ETC Group has launched three new exchange traded products (ETP) that track the value of three cryptocurrencies, according to a report by ETF Stream on Monday.

UK-based crypto investment firm ETC Group has launched ETPs that track the value of three cryptocurrencies Avalanche (AVAX), Polygon (MATIC) and Cosmos (ATOM) on Zurich-based SIX Swiss Exchange and Frankfurt-based Deutsche Börse.

Bradley Duke, founder of ETC Group, said that investors are “increasingly interested” in getting exposure to the hottest altcoins to diversify their portfolios. Additionally, Duke noted that the latest products offer significant liquidity for high-quality trading.

ETC Group

ETC Group also provides institutional investors with the ability to track cryptocurrencies such as Bitcoin Cash, Ethereum, and Litecoin.

On the other hand, in December last year, Europe's top provider of institutional-grade crypto-backed securities launched ETPs for Polkadot, Solana, Cardano, and Tezos.

Earlier this month, the company made a breakthrough by launching the world's first metaverse-focused exchange-traded fund (ETP). It helps investors gain exposure to a range of companies working on cutting-edge technologies such as VR/AR and 3D graphics.

Chicago Mercantile Exchange

First Physically Backed Cryptocurrency ETP

ETC Group has launched the world's first centrally traded Bitcoin exchange-traded product in 2020 Deutsche Boerse. Last October, it surpassed $1.5 billion in assets under management, making it the world's number one physically-backed single cryptocurrency ETP.

Last June, the company announced that it would list the first Bitcoin ETP in the UK. The company now offers eight physically-backed ETPs that track the value of individual cryptocurrencies.

Launching its products in Frankfurt, Vienna, Paris, London, Amsterdam, Zurich and Frankfurt, ETC Group has succeeded in gaining a significant presence in European financial markets. Europe is generally known to be more crypto-friendly than the United States.