Valour Launches First ETP For NEAR Protocol

Valour, a subsidiary of DeFi Technologies, has launched the world’s first exchange-traded product (ETP) for Near Protocol.

This launch comes at a time of increased interest in cryptocurrency assets, particularly following the debut of spot Bitcoin ETFs in the US in January. The new ETP is expected to bring significant attention to Near Protocol (NEAR) which is currently among the top 20 cryptocurrency with a market capitalization of $6.6 billion.  

Valour unveils new ETP for NEAR

In announcement on Wednesday, the digital assets investment products provider said that the new ETP, Valour Near (NEAR), will be available to both retail and institutional investors.

Holders will get exposure to the Near Protocol ecosystem, with the ETP allowing them to participate in the Web3 platform’s digital finance future.

“By launching the world’s first Valour NEAR ETP, we’re giving investors an extraordinary chance to dive into the revolutionary NEAR Protocol, known for its transformative impact on DeFi and NFTs,” Valour’s head of product Elaine Buehler said.

The Valour Near (NEAR) ETP trades on the Spotlight Stock Market in Sweden, with availability through platforms like Stockholm-based online bank Avanza and internet broker Nordnet.

Valour suite of ETPs

With this launch, Valour is adding NEAR to its growing list of crypto ETPs, which includes Valour Solana, Valour Cardano, and Valour Polkadot. The company also has products for Enjin, Uniswap, XRP and Avalanche.

Investors can also access a range of staking products, including Ethereum (ETH), Bitcoin (BTC) and Internet Computer (ICP).

Year-to-date, Valour has launched eleven ETPs for digital assets and plans to unveil more crypto-related investment products for both retail and institutional investors. The ETP issuer’s product suite currently trades across major European exchanges, banks, and broker platforms.