- Valour’s NEAR ETP will probably be accessible on Sweden’s Highlight Inventory Market.
- Valour at present operates one of many largest Solana ETPs.
- The crypto fund issuer additionally operates Bitcoin, Ether, and Web Pc ETPs.
Crypto fund issuer Valour right this moment introduced the launch of an exchange-traded product (ETP) for Close to Protocol’s native token, NEAR.
This groundbreaking ETP will probably be accessible on Sweden’s Highlight Inventory Market, providing retail and institutional buyers the chance to realize publicity to the decentralized utility improvement platform.
NEAR ETP joins Valour’s various portfolio of ETPs
Valour already operates one of many largest Solana ETPs, Valour Solana, and gives a collection of staking merchandise, together with ETPs for Bitcoin, Ether, and Web Pc.
Valour’s head of product, Elaine Buehler, emphasised the importance of this new fund, highlighting its potential to grant buyers entry to an asset famend for its transformative affect on decentralized finance (DeFi) and non-fungible tokens (NFTs).
Close to Protocol, designed to sort out widespread blockchain improvement challenges resembling person onboarding and multi-chain operations, boasts a market capitalization of roughly $6.8 billion. This positions NEAR among the many high 20 digital belongings globally, in response to CoinMarketCap.
The launch of NEAR ETP comes amid a wave of regulatory approvals in the US, the place funding managers BlackRock, Franklin Templeton, and VanEck lately acquired preliminary approval to listing the primary exchange-traded ETH merchandise. Analysts predict this transfer will pave the best way for extra crypto exchange-traded merchandise within the US, together with potential Solana-based ETFs.
Valour’s father or mother firm, DeFi Applied sciences, at present manages round $600 million in belongings throughout numerous crypto-native methods.
On July 16, DeFi Applied sciences expanded its footprint by buying buying and selling desk Stillman Digital in an all-stock deal. This acquisition is predicted to considerably improve the Canadian crypto platform’s capabilities, probably positioning it as a formidable competitor to bigger entities like Galaxy Digital.
Valour’s new NEAR ETP represents a big development for buyers searching for publicity to modern blockchain applied sciences, reinforcing the agency’s place on the forefront of digital asset funding merchandise.
