摘要： As institutional investors enter the cryptocurrency scene, investor appetite may not be limited to Bitcoin and Ethereum.
Goldman Sachs, JP Morgan, and UBS have purchased the first exchange-traded product (ETP) on the market that provides exposure to Polkadot’s DOT cryptocurrency, per Bloomberg reports. These banking giants purchased small amounts of shares from Switzerland exchange 21Shares’ ETP.
Per sources familiar with the talks, shares for the Polkadot ETP debuted at around $22 and $23. However, the fund has increased in value, soaring above $30. The purchase by Goldman Sachs, JP Morgan, and UBS suggests that institutional appetite for cryptocurrencies is growing and is not limited to Bitcoin and Ethereum (ETH). Currently, the DOT token is the fifth largest cryptocurrency, with a market capitalization of over $28 billion. Currently, DOT is trading at around $32, and its price is expected to gain even more this year. For the time being, the bulls are in control as DOT eyes the $40 mark.
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