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The flood of crypto ETPs
Valour goes global
Sweden’s Spotlight Exchange has listed 20 new digital asset exchange-traded products (ETPs), making them available to traditional investors. All of them are issued by Valour, a subsidiary of DeFi Technologies.
The flood of crypto ETPs
The new crowd launch brings the number of ETPs traded on Spotlight to 45. All are digital asset offerings issued by Valour. Four are priced in euros, the rest in Swedish krona.
Spotlight introduced its ETP segment in June with Valour’s Core (CORE) and Hedera (HBAR) products. Most ETPs are managed by a third party. Valour co-founder Johan Wattenström said the following about the new launch:
“By launching such a diverse range of innovative products at once, we are not only expanding our portfolio; we are giving investors access to the forefront of blockchain technology.”
The assets in the new ETPs are Aave (AAVE), Aerodrome Finance (AERO), Akash Network (AKT), Aptos (APT), Arweave (AR), ASI (FET), Fantom (FTM), Injective (INJ), Jupiter (JUP), Kaspa (KAS), Lido DAO (LDO), Metis (METIS), Pendle (PENDLE), Pyth Network (PYTH), Render (RENDER), Sei (SEI), Starknet (STRK), THORChain (RUNE), Worldcoin (WLD), Wormhole (W).
A selection of Valour ETPs on Spotlight Stock Market. Source: Spotlight Stock Market
Valour lists over 60 ETPs in Europe. The company has announced a goal of reaching 100 ETPs by the end of 2025. Valour and Spotlight introduced the first Dogecoin (DOGE) ETP in November.
Related: DeFi Technologies launches Core chain validator, deposits 1,498 Bitcoin
Valour goes global
Spotlight is one of three exchanges in Sweden, the others being Nasdaq Nordic and Nordic Growth Market. Valour moved 19 ETPs from Nordic Growth Market to Spotlight in October.
Source: AsiaNext
In November, Valour signed a Memorandum of Understanding with institutional derivatives trading platform AsiaNext and issuance platform Sov.fi regarding the listing of Valour ETPs on AsiaNext’s Singapore-licensed securities exchange.
AsiaNext is a joint venture between Japan-based SBI Digital Asset Holdings and Switzerland-based SIX Group, which is also the operator of the country's SIX Exchange.