This launch coincides with growing interest in cryptocurrency assets, especially following the introduction of spot Bitcoin ETFs in the US in January. The new ETP is expected to bring significant attention to Near Protocol, which is currently among the top 20 cryptocurrencies with a market capitalization of $6.6 billion.
Valour introduces new ETP for NEAR In a statement on Wednesday, the digital asset investment product provider announced that the new ETP, Valour Near (NEAR), will be available to both retail and institutional investors.
Holders will gain exposure to the Near Protocol ecosystem, allowing them to participate in the digital finance future of the Web3 platform through this ETP.
“By launching the world’s first Valour NEAR ETP, we are providing investors an exceptional opportunity to dive into the revolutionary Near Protocol, known for its transformative impact on DeFi and NFTs,” said Elaine Buehler, Valour’s head of product.
The Valour Near (NEAR) ETP is listed on the Spotlight Stock Market in Sweden, with availability through platforms like the Stockholm-based online bank Avanza and the internet broker Nordnet.
Valour’s suite of ETPs With this launch, Valour is adding NEAR to its growing portfolio of crypto ETPs, which includes Valour Solana, Valour Cardano, and Valour Polkadot. The company also offers products for Enjin, Uniswap, XRP, and Avalanche.
Investors can also access a variety 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 crypto-related investment products for both retail and institutional investors. The ETP issuer’s product suite currently trades across major European exchanges, banks, and broker platforms.