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 when interest in crypto assets is increasing, particularly following the launch of spot Bitcoin ETFs in the US in January. The new ETP is expected to bring significant interest to Near Protocol (NEAR), which is currently a top 20 cryptocurrency with a market cap of $6.6 billion.

Valour announces new ETP for NEAR

The digital asset investment products provider announced on Wednesday that its new ETP Valor Near (NEAR) will be open to both individual and institutional investors.

Through ETP, holders will have the opportunity to participate in the digital finance future of the Web3 platform and access to the Near Protocol ecosystem.

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

Valour Near (NEAR) ETP is listed on the Spotlight Exchange in Sweden and is available through platforms such as Stockholm-based online bank Avanza and internet broker Nordnet.

Valor package of ETPs

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

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

Valour has launched eleven ETPs for digital assets since the start of the year and plans to roll out more crypto-related investment products for both retail and institutional investors. The ETP issuer’s suite of products is currently listed on major European exchanges, banks, and broker platforms.