Specifically, the Swiss asset manager Valour Inc., a subsidiary of DeFi Technologies Inc., has begun trading Valour Cardano (ADA), Valour Polkadot (DOT), and Valour Solana (SOL) on the Euronext exchanges in Paris and Amsterdam on April 6, the fintech company announced in a press release shared by PRNewswire. According to the announcement: In other words, investors will be able to access the native tokens of the Cardano, Polkadot, and Solana networks safely and more easily, without having to go through the process of opening a crypto wallet. It’s worth noting that the recent ETPs are the newest addition to Valour’s list of products trading on multiple exchanges, including Valour Uniswap (UNI), Valour Avalanche (AVAX), and Valour Terra (LUNA), as well as its flagship Valour Bitcoin Zero and Valour Ethereum Zero products.
ETPs expose investors to the industry of the future
DeFi Technologies CEO Russell Starr explained that: Elsewhere in February, Finbold had reported about Polkadot and Cardano ETPs receiving the approval to trade on the Boerse Frankfurt Zertifikate AG (Frankfurt Stock Exchange) through Valour. Exchange traded products are mainstream investment vehicles that have existed for 30 years, receiving investors’ attention only during the financial crisis of 2008 and the ensuing demand for more transparency. The most popular type of ETP is the exchange traded fund (ETF) and an example of a crypto ETF is the Purpose Bitcoin ETF, which has recently hit a record high in the number of Bitcoins it holds after a huge infusion of capital. In the case of cryptocurrencies, ETPs offer investors exposure and new opportunities arising from having access to decentralized finance (DeFi). Meanwhile, the native tokens of all three mentioned networks have recorded price drops over the previous 24 hours, with ADA down 4.69%, DOT by 5.97%, and SOL by 5.49% compared to the day before, as per CoinMarketCap data.
