11 months ago
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ETP expansion in Europe
Valour, a Canadian cryptocurrency ETP issuer, announced in a press release on the 4th that it aims to offer as many as 20 virtual currency ETPs (exchange traded financial products) in Europe by 2024. Exchange-traded financial products are a general term for products such as exchange-traded funds (ETFs) and exchange-traded securities (ETNs), which are mainly traded on European stock exchanges.
Valour offers 13 types of ETPs in Europe for institutional and individual investors, including Bitcoin, Ethereum, Solana (SOL), ADA (ADA), and Polkadot (DOT).
The exchanges that handle the transaction are Swedish stock exchanges such as Nasdaq Nordic, and as of the end of November, the trading volume has increased by 42.71% and the amount of assets under management has increased from 320 million Canadian dollars to 356 million Canadian dollars (38.7 billion yen). . This suggests an influx of funds from institutional investors.
Valour explained that future ETP product expansions will include collaborations with foundations such as the recent crypto ICP ETP, thematic baskets, short and long leveraged products, and ETPs based on active investment strategies.
In Europe, since 2019, virtual currency ETPs of various brands, similar to traditional ETFs in the United States, have been listed in various places, making them easier for investors to access. 21Shares of Switzerland, which is currently applying to list a Bitcoin ETF in partnership with Ark in the US, CoinShares of the UK, Fidelity of the US, and WisdomTree are also entering the European ETP market.
connection:21Shares launches Lido virtual currency ETP in response to demand for liquid staking
connection:Learn about Bitcoin ETFs from the beginning: Explaining the advantages and disadvantages of investing and how to buy US stocks
The post “To provide 20 virtual currency ETPs by 2024” Valour, a listed trading financial product issuer appeared first on Our Bitcoin News.
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