Swiss Crypto Firm, Valour Set to Launch 20 New Crypto ETPs in 2024
- Valour's release of 20 new crypto ETPs, including themed collections and various leverage options, offers investors more ways to diversify their portfolios.
- These additions not only make crypto investment more accessible but also attract both new and experienced investors.
- Valour's successful track record, including the upcoming Ripple (XRP) ETP launch and increased market share.
Valour Excels With Ripple ETP Launch, Gains Market Share
Valour, a branch of DeFi Technologies, is going to release 20 fresh crypto exchange-traded products (ETPs).
As revealed on Monday, these upcoming offerings encompass partnerships with foundations, such as the recent ICP ETP, along with thematic collections and products for both short- and long-term leverage.
The ETPs will derive from active crypto investment strategies and await exchange approval, according to the announcement.
Valour Expansion By Launching Ripple ETP
In the prior month, the company cleared its intentions to debut a Ripple (XRP) ETP on a European exchange slated for December.
Valour currently offers various crypto ETPs featuring minimal management fees. Among the supported tokens are Cardano, Polkadot, Solana, Avalanche, and Binance.
The forthcoming introduction of 20 additional crypto ETPs coincides with Valour's notable advancements in market presence and managed assets in the previous month.
Valour's market dominance on the Swedish exchange surged from 28% in October to an impressive 42.71% by November. This growth signifies a substantial 52.54% increase in market share month over month.
Valour's Innovations Making Finance User-Friendly and Diverse in the Nordics
Our success shows how we're creating options that match what investors in the Nordics want. We're proud to help make finance easier to access and more exciting," said Johanna Belitz, Valour's Nordics Head.
In August, Valour started a thing called Ethereum Physical Staking ETP (1VET) on the Deutsche Boerse. It charges 1.49% for all costs. This is Valour's second Ethereum ETP. The first one, Valour Ethereum Zero, came out in December 2021.
Crypto ETPs Lead the Global Financial Landscape
The digital asset platform Fineqia revealed in a recent report that crypto-based ETPs have surged by 91% since January 2023. This growth surpassed the already rapid rise of the crypto market by an additional 30% in the same timeframe.
By June, there were a total of 166 crypto ETPs and ETFs listed globally, offered by 35 providers across 20 exchanges in 16 countries. Big names like Blackrock, Fidelity, Invesco, and WisdomTree have also heightened interest in crypto ETPs to lure in investors.
What Will Be The Impact of Launching New Crypto ETPs By Valour
The introduction of these new ETPs provides investors with a broader range of options to diversify their crypto portfolios. With thematic collections and products for both short- and long-term leverage, investors can tailor their investments according to their strategies and risk appetites.
More ETP offerings mean increased accessibility for investors who might prefer ETPs over direct cryptocurrency ownership due to convenience, ease of trading, or regulatory concerns. This expanded accessibility could attract new investors to the crypto market.
The growth of crypto-based ETPs has already been substantial, as seen in the global landscape. With more offerings, this growth could accelerate further, attracting attention from both retail and institutional investors. Companies like Valour, with their track record and diverse offerings, could enhance overall market interest in crypto-based financial products.
Also Read: Bitcoin's Global Takeover– ETFs Connects Traditional & Crypto Finance
