Oh, hello there! πββοΈ Have you heard the latest scoop? It’s not just your everyday, run-of-the-mill financial news, my dear reader. No, no, this is the tale of Fineqia AG, a European subsidiary of the illustrious Fineqia International, and their groundbreaking launch of the world’s first-ever DeFi yield Cardano ETN. Yes, you read that right! π
Imagine this: you can now invest in Cardano (ADA), and not only ride the rollercoaster of its price fluctuations but also earn a yield, no matter what direction the asset decides to take. π’ It’s like having your cake and eating it too, if cakes were crypto-assets and eating them meant earning yield. π°π
The Cardano ETN, trading under the ticker YADA, has made its grand entrance on the Vienna Stock Exchange, turning heads and making waves in the DeFi ocean. π And guess what? This little gem is backed by none other than FTSE Russell, a subsidiary of the London Stock Exchange, serving as the index provider. πͺ
With the global DeFi market boasting over $155 billion in total value locked and predictions of it reaching $542 billion by 2025, this Cardano ETN might just be the golden ticket to the DeFi carnival. ποΈπ°
And let’s not forget the Liechtenstein Financial Market Authority’s approval of Fineqia AG’s base prospectus, paving the way for crypto-backed exchange-traded notes to flourish across the European Union. πͺπΊβ¨
Now, if you thought the crypto ETN market was already bustling with excitement, think again! With over 220 crypto ETPs globally and $216 billion in assets under management, YADA joins the party as one of the 139 products listed on the Vienna Stock Exchange. ππ
But wait, there’s more! U.S. spot Bitcoin ETFs have been raking in the dough, with over $121 billion in AUM since their debut in January 2024. Trump’s victory and assumption of office have been credited with the positive market sentiment. π€π
So, dear reader, are you ready to dive into the world of Fineqia’s DeFi ETN and embark on a Cardano yield adventure? πβ¨ Let the games begin! π
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2025-01-24 22:42