Amid market expansion, Valour outlines strategy to introduce 20 new crypto ETPs by 2024
Valour Inc., a prominent subsidiary of DeFi Technologies, is set to introduce a lineup of up to 20 new Exchange Traded Products (ETPs) for cryptocurrencies in 2024. This ambitious expansion plan is in line with the increasing global demand for crypto and blockchain ETPs, driven by both retail and institutional investors. Valour’s decision to venture into the ETP sector is influenced by its recent surge in market share on Swedish exchanges, which has skyrocketed to an impressive 42.71% as of November 2023, up from 28% at the end of October.
Valour has also witnessed a significant rise 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 reflects a 23% growth since October 30th. The increasing AUM highlights the strong regional demand for Valour’s diverse range of exchange-traded digital asset products and demonstrates the company’s successful strategy in developing offerings that resonate with investor interests.
The overall crypto ETP market has experienced a remarkable growth of 91% this year, indicating the demand for such products in the market and their successful implementation in crucial regions like the U.S. With this latest strategy, Valour aims to become a key player in this expanding market and drive the adoption of cryptocurrencies among traditional financial institutions.
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