In a press statement, the company stated that the product would be dubbed Valour Polkadot (DOT) EUR and Valour Cardano (ADA) EUR. Trading in the ETPs began on Monday, February 14, 2022. The Valour Polkadot (DOT) EUR ETP will track the value of DOT. This comes after the network embarked on significant development like integrating the Ethereum Virtual Machine to its parachain network. Elsewhere, the Valour Cardano (ADA) EUR ETP will track the performance of ADA. The company cited Cardano’s choice of cost-effectiveness as a driver for launching the product. The two investment vehicles add to Varlour’s existing product portfolio, including Valour Uniswap (UNI), Solana (SOL) ETPs, Bitcoin Zero, and Valour Ethereum Zero products. According to DeFi Technologies, the product targets retail and institutional investors who seek exposure to Polkadot and Cardano networks. By trading the products, the investors will also be able to buy shares conveniently.
Increasing interest in crypto products
Additionally, Valour CEO Tommy Fransson stated that the product launch is based on increased interest. According to Fransson: In recent months, the Swiss-based Valour has accelerated its launch of various crypto-related products. For instance, in October last year, the company announced plans to unveil the world’s first exchange-traded product (ETP), tracking the token of the decentralized exchange Uniswap. The products have also impacted the company’s financial results. As of November 2021, the company had surpassed $370m in assets under management from the trading of its products on the NGM and Frankfurt stock exchanges.
