Valour Inc. to Launch 20 New Cryptocurrency ETPs in 2024
Valour Inc., a subsidiary of DeFi Technologies, is set to introduce up to 20 new cryptocurrency Exchange Traded Products (ETPs) next year. This expansion plan is driven by the increasing global demand for crypto and blockchain ETPs, attracting both retail and institutional investors.
Impressive Market Share Growth on Swedish Exchanges
Valour’s decision to expand into the ETP segment is influenced by its remarkable market share growth on Swedish exchanges. As of November 2023, Valour’s market share soared to an impressive 42.71%, up from 28% at the end of October.
Rising Assets Under Management
Valour has experienced a significant increase in Assets Under Management (AUM), reaching CAD $356.5 million by the end of November. This represents an 11.41% increase from early November and a 23% growth since Oct. 30th. The rising AUM highlights the strong regional demand for Valour’s exchange-traded digital asset products.
Capitalizing on the Growing Crypto ETP Market
The overall crypto ETP market has grown by 91% this year, indicating a high demand for such products in the market, especially in critical regions like the U.S. Valour aims to be a prominent player in this growing market and drive crypto adoption among traditional financial institutions.
Hot Take: Valour Expands its Footprint in the Crypto ETP Market
Valour Inc., a subsidiary of DeFi Technologies, has announced its plans to launch up to 20 new cryptocurrency Exchange Traded Products (ETPs) in 2024. With its impressive market share growth on Swedish exchanges and rising Assets Under Management (AUM), Valour is capitalizing on the increasing demand for crypto and blockchain ETPs. The expansion aligns with the booming crypto ETP market, which has grown by 91% this year. Valour aims to be a key player in this sector and drive crypto adoption among traditional financial institutions.
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