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Valour, a subsidiary of DeFi Technologies, has launched the world’s first exchange-traded product (ETP) for Near Protocol.
This launch comes at a time of heightened interest in crypto assets, particularly following the debut of spot bitcoin ETFs in the US in January. The new ETP is expected to draw significant attention to Near Protocol (NEAR), which is currently in the top 20 cryptocurrencies with a market cap of $6.6 billion.
Valour launches new ETP for NEAR
In advertisement On Wednesday, the digital asset investment product provider said the new ETP, Valour Near (NEAR), will be available to retail and institutional investors.
Holders will gain exposure to the Near Protocol ecosystem, and the ETP will allow them to participate in the future of digital finance on the Web3 platform.
“By launching the world’s first Valour NEAR ETP, we are providing investors with an extraordinary opportunity to dive into the revolutionary NEAR protocol, known for its transformative impact on DeFi and nfts,” said Valour Chief Product Officer Elaine Buehler.
The Valour Near ETP (NEAR) is listed on Sweden's Spotlight stock market, with availability through platforms such as Stockholm-based online bank Avanza and internet broker Nordnet.
Valour ETP Set
With this launch, Valour adds NEAR to its growing list of cryptocurrency ETPs, which includes Valour Solana, Valour Cardano, and Valour Polkadot. The company also has products for Enjin, Uniswap, XRP, and Avalanche.
Investors can also access a range of staking products including ethereum (eth), bitcoin (btc) and Internet Computer (ICP).
So far this year, Valour has launched eleven ETPs for digital assets and plans to introduce more cryptocurrency-related investment products for retail and institutional investors. The ETP issuer’s product range is currently traded on major European exchanges, banks and brokerage platforms.
