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Nasdaq | Best US Exchange for Listing Cryptocurrency-Linked ETPs

Giang Bui, Head of US ETPs, Nasdaq explains the background to the Nasdaq win in this year’s US ETF Awards.

Why do you think you won this award?

Nasdaq is home to the world’s most innovative companies and ETFs. We’re aligned with issuers in our commitment to advance key trends that are shifting the investment landscape and digital assets/crypto is one of them.

We’re advocates for ETF issuers and work closely with the ETF ecosystem to navigate the regulatory framework for the listing of cryptocurrency-linked ETPs.

How do you support crypto-related ETP listings from a listing perspective?

Nasdaq is well versed in bringing crypto-related products to market. Nasdaq Nordic was the first exchange in the world to list a cryptocurrency-related tracker certificate in October 2015, when XBT Provider launched Bitcoin Tracker EUR, a bitcoin-based security denominated in Euros.

In the US we listed one of the first bitcoin linked ETFs, with the Valkyrie Bitcoin Strategy ETF

We’re also the exchange for many digital assets related ETFs, such as ones providing exposure to digital assets miners or blockchain technology.

What trends have you seen over the past year in the crypto space?

Nasdaq is committed to leading the modernisation of our markets with technology and supporting the investment community with innovative products that are listed on Nasdaq, in addition to the Nasdaq Crypto Index (NCI) , a methodology-driven industry benchmark that is designed to be dynamic by nature, broadly representative of the market, and readily trackable by investors. A number of investable products tracking NCI were successfully launched globally.

Beyond supporting the investment community with listing and index solutions, we also see great potential and opportunities to strengthen digital assets ecosystem with institutional grade and trusted infrastructure that can help bridge the gap between traditional finance and digital assets.

Where do you see the ETF industry going in terms of products over the coming year?

We’ve seen record number of new ETF launches over the past two years. Despite the market volatility this year, the ETF launch pipeline remains strong. It shows the adaptability of the ETF wrapper in different market conditions.

The ETF industry is always leading product innovation. ETFs continue to a be a vehicle for investors to access strategies that previously might be hard to access.

We see trends in issuers launching actively managed ETFs. More than 50 per cent of launches YTD have been actively managed as investors are looking at alternative solutions to reach investment goals vs. beta exposure.

Thematics and ESG continue to be strong trends in product launches. There is also the trend of launches that allows for very targeted, specific exposure. The first of its type of ETFs were launched in the US this year providing exposure to a single stock or single bond.

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