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Justin Sun expressed: “Great news for TRONICS! Followed by the listings on DeutscheBoerse, VanEck TRX ETN VTRX is officially listed on the leading stock exchange Euro Next in Paris and Amsterdam. TRX ETN continues to be favored and supported by the global mainstream market.
The successful listing of TRX ETN is a crucial step in TRON’s compliance and globalization strategy. It is also an important milestone for global investors to hold TRX without borders and low thresholds.
VTRX is expected to start trading at 9:00 (CEST) on September 24, 2021. Thanks TRONICS for your long-term support and attention, and welcome everyone to come and experience. Let us witness the development of TRON together.
The listing of TRX ETN marks TRON’s entry into the global mainstream financial market and another milestone in TRON’s pursuit of compliance.
The launch of VanEck Tron (TRX) ETN on two leading European stock exchanges has happened in a very short time.
For clarity, ETN stands for Exchange Traded Notes. An exchange-traded note (ETN) is an unsecured debt security that tracks an underlying index of securities. ETNs are similar to bonds, but do not pay periodic interest payments. Investors can buy and sell ETNs on major exchanges, such as stocks, and profit from the difference, subtracting any fees.
VanEck are continuing with their cryptocurrency-related exchange-traded notes in Europe by launching crypto related products like those which track the performance of Solana, Tron, and Polkadot on the Xetra Deutsche Borse.
Tron’s ETN has moved a step further ahead in the process as it will also go live on Euronext in Paris and Amsterdam, updated the project’s founder.
Noteworthy, VanEck‘s portfolio of exchange-traded notes tracking the performance of various digital assets is continuing to increase.
While VanEck has been successful ETN listings in Europe, it has not been successful in the US. The company has filed several applications with the SEC to launch a BTC ETF and several other cryptocurrency-focused ETFs. Some of the earlier filings regarding this have been withdrawn.
Further in response to US regulators racing towards major rules on cryptocurrency Justin Sun expressed: I have noticed that US Treasury Officials have expressed very legit concerns over the tech capacity of the chains supporting stable coins. TRON has proven itself processing bigger daily transaction volume than PayPal, free of any “resource exhaustion.”
Community response: It all starts now, TRON is unstoppable.
