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Swiss Crypto firm Valour to Introduce 20 New Crypto ETPs in 2024

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December 5, 2023
in Investing
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Swiss Crypto firm Valour to Introduce 20 New Crypto ETPs in 2024

Source: Pixabay

Valour, a subsidiary of DeFi Technologies, has revealed plans to introduce 20 new crypto exchange-traded products (ETPs).

Announced Monday, the planned offerings include collaborations with foundations like the recent ICP ETP, thematic baskets, short and long-leverage products.

The ETPs will be based on active crypto investment strategies and are subject to exchange approval, the release noted.

Last month, the firm announced plans to launch a Ripple (XRP) ETP on a European exchange in December. Valour’s existing product range includes a slew of crypto ETPs with low management fees. Some of the tokens that Valour supports include Cardano (ADA), Polkadot (DOT), Solana (SOL), Avalanche (AVAX) and Binance (BNB).

The addition of 20 new crypto ETP comes along with Valour’s successful progress in both market shares and assets under management last month.

Valour’s market share on Swedish exchange has soared from 28% in October to an impressive 42.71% as of November. The growth represents a 52.54% increase in market share moth over month.

“This success reflects our commitment to developing offerings that align with investor interests in the Nordics, and we are proud to contribute to a more accessible and dynamic financial ecosystem,” said Johanna Belitz, Head of Nordics, Valour.

In August, Valour launched an Ethereum Physical Staking ETP (1VET), listed on the Deutsche Boerse with a total expense ratio of 1.49%. It is the firm’s second Ethereum ETP after it launched the Valour Ethereum Zero in December 2021.

Prior to that, the company launched Bitcoin Carbon Neutral ETP (1VBT) in June.

Global Crypto ETP Growth

A recent report by the digital asset platform Fineqia noted that crypto-based ETPs recorded a 91% increase from Jan 2023. It outpaced the already fast-growing crypto market rally by 30% during the same period.

As of June, 166 crypto ETPs and ETFs were listed globally by 35 providers, on 20 exchanges, in 16 countries. Companies such as Blackrock, Fidelity, Invesco, and WisdomTree have also increased the hype around crypto ETPs to attract investors.

The post Swiss Crypto firm Valour to Introduce 20 New Crypto ETPs in 2024 appeared first on Cryptonews.

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