Giant Investment Company Removed Polkadot (DOT) and Tron (TRX) from the List, Added Two Surprise Altcoins!
Valour, subsidiary of DeFi Technologies company and cryptocurrency ETP issuer, announced the addition of Shiba Inu and Toncoin to its digital asset basket VDAB10 (Euro and Swedish krona basket).
In its announcement, Valour announced that it has rebalanced the Valor Digital Asset Basket 10 (VDAB10) EUR and SEK baskets to include Toncoin (TON) and Shiba Inu (SHIB) starting April 30, 2024.
Adding TON and SHIB, Valour also added that they removed Polkadot (DOT) and Tron (TRX) from their programs.
“The VDAB10 ETP tracks the performance of the 10 largest digital assets by market cap, with a 30% cap for any component.
The latest regulations reflect changes in the top 10 assets by market capitalization, ensuring that VDAB10 continues to reflect the current composition of the digital asset market.
This update was made following the changes in the 10 largest cryptocurrencies by market value, and SHIB and TON were added, while DOT and TRX were removed.
Polkadot and Tron were automatically removed from the basket due to their current market cap rankings no longer making them among the top ten.
This update underscores Valour's commitment to offering a transparent, rules-based ETP that meets the evolving needs and interests of investors and further validates Valor Inc.'s role in enabling individual and institutional investors to simply and securely access digital assets through traditional bank accounts “
Valour's current cryptocurrency product portfolio includes Valor Uniswap (UNI), Cardano (ADA), Solana (SOL), Avalanche (AVAX), Cosmos (ATOM), BNB, Ripple (XRP) and Enjin (ENJ) ETPs. Valour has Bitcoin (BTC) Zero and Valor Ethereum (ETH) Zero products.
