According to a press release, the Swiss asset manager Valour Inc., a subsidiary of DeFi Technologies Inc., has started trading Valour Cardano (ADA), Valour Polkadot (DOT), and Valour Solana (SOL) on the Euronext exchanges in Paris and Amsterdam on April 6.
“The ETPs will enable retail and institutional investors to gain exposure to the ADA, DOT, and SOL tokens simply and securely via their bank or broker.”
In other words, investors can easily access Cardano, Polkadot, and Solana networks’ native tokens without the need to create a crypto wallet.
These 3 new ETPs are the most recent additions to Valour’s portfolio of products, which includes Valour Uniswap (UNI), Valour Avalanche (AVAX), and Valour Terra (LUNA), as well as its flagship Valour Bitcoin Zero and Valour Ethereum Zero.
Why ETPs are gaining traction
CEO of DeFi Technologies, Russell Starr claimed that:
“As we continue to expand our product offerings onto new exchanges, even more people will have access to participating in an industry that is rewriting the future of the financial services industry. Investors are interested in the opportunity to get into crypto as it establishes itself, and Valour’s ETPs enable them to do that on regulated exchanges they know and trust.”
Polkadot and Cardano ETPs had received approval to trade on the Boerse Frankfurt Zertifikate AG (Frankfurt Stock Exchange) through Valour in February.
Exchange traded products (ETPs) are mainstream investment vehicles that have been around for 30 years, attracting investors’ attention only during the 2008 financial crisis and the subsequent demand for greater transparency.
The exchange traded fund (ETF) is the most common type of ETP, and one example of a crypto ETF is the Purpose Bitcoin ETF, which just set a new record for the quantity of Bitcoins it holds following a massive capital infusion.
In the case of cryptocurrencies, ETPs provide investors with exposure to and new opportunities created by decentralised finance (DeFi).
Meanwhile, according to a recent report, the native tokens of all three mentioned networks have seen a decline in price in the previous 24 hours, with ADA down 4.69%, DOT down 5.97%, and SOL down 5.49% compared to the day before.