- Valour’s NEAR ETP will be listed on Sweden’s Spotlight stock market.
- Valor currently operates one of the largest Solana ETPs.
- The cryptocurrency fund issuer also operates Bitcoin, Ethereum, and Internet Computer ETPs.
Cryptocurrency fund issuer Valor today announced the launch of an exchange-traded product (ETP) for Near Protocol’s native token NEAR.
This groundbreaking ETP will be listed on Sweden’s Spotlight stock market, providing retail and institutional investors with access to a decentralized application development platform.
Valor Introduces NEAR ETP on Sweden’s Spotlight Stock Market
Valor, a cryptocurrency fund issuer, has unveiled a new exchange-traded product (ETP) for Near Protocol’s NEAR token, which will be listed on Sweden’s Spotlight stock market. This move opens up access to a revolutionary decentralized application development platform for both retail and institutional investors.
Valor’s Diversified ETP Portfolio
Valor is known for operating one of the largest Solana ETPs and offers a range of staking products, with ETPs for Bitcoin, Ethereum, and Internet Computer in its diverse portfolio. Elaine Buehler, head of product at Valor, emphasizes the significance of this new fund, providing investors with exposure to transformative technology in the fields of decentralized finance (DeFi) and non-fungible tokens (NFTs).
Moreover, Near Protocol, with a market capitalization of around $6.8 billion, aims to address common challenges in blockchain development, positioning itself as one of the top digital assets globally according to CoinMarketCap.
Rise of Cryptocurrency Exchange-Traded Products
The launch of the NEAR ETP coincides with a surge in U.S. regulatory approvals for investment firms like BlackRock, Franklin Templeton, and VanEck to list the first exchange-traded Ethereum products. This development is expected to pave the way for more cryptocurrency ETPs in the U.S., including a potential Solana-based ETF. With DeFi Technologies, Valour’s parent company, managing around $600 million in crypto assets, the acquisition of Stillman Digital further enhances its competitive position in the market.
Valour’s introduction of the NEAR ETP not only caters to investors seeking innovative blockchain technology but also cements the company’s leadership in digital asset investment products.
