SCOOP: TPICAPGroupPLC is trading crypto-linked products for clients, another sign of growing mainstream adoption of digital assets, willcanny99 reports.
are all clearing and settling cryptocurrency ETPs for hedge-fund clients in Europe, as reported by CoinDesk.
ETPs allow firms to gain exposure to parts of the crypto universe without investing directly. Instead the investment is through a security that tracks the performance of various digital assets. The liquidity in some of these ETP products is “relatively modest” at present, Forster said. He expects that as more institutional money moves into the space, the number of products will grow and the overall market will expand.TP ICAP plans to launch the trading of crypto-linked ETPs in the U.S. in the coming months, the broker said. Still, the focus for 2022 is on the roll-out of over-the-counter derivative products based on digital assets.