Traditional financial giants are quietly deploying other encryption products besides Bitcoin.

According to Coindesk reports, traditional financial institutions such as Goldman Sachs, ICAP, JP Morgan Chase, UBS have purchased exchange-traded products (ETP) that provide exposure to Polkadot DOT tokens. The product was issued by 21Shares in Switzerland and was listed for the first time on the SIX Swiss Exchange on February 4.

高盛、摩根大通、瑞银等多家传统金融巨头已购买波卡ETP产品

According to Bloomberg terminal data, so far, Goldman Sachs has purchased three lots of ETP products under the stock code GS, totaling 9,300 shares; UBS, ICAP, and Bank of America’s Merrill Lynch have purchased 2,770, 1,000, At 2,200 shares, JP Morgan Chase bought the least at 500 shares.

Other financial institutions also hold the encrypted ETP. Nomura’s broker Instinet bought 9,280 shares, Flow Traders traded 6,897 shares under the ticker symbol FLOW, and Kepler Securities bought 550 shares.

The ETP issuance price is 22-23 US dollars, and has now risen to 30 US dollars. Laurent Kssis, head of 21Shares ETP, stated that Polkadot ETP currently manages more than $15 million in assets.

21Shares also manages the Crypto Basket Index ETP, which tracks the performance of five major cryptocurrencies. Polkadot is the second largest component of the index.

According to the push data, the market value of DOT tokens currently exceeds $19 billion, making it the fifth largest cryptocurrency.