Valour, a Switzerland-based DeFi technologies subsidiary, has launched Cardano and Polkadot exchange-traded products (ETPs) on the Frankfurt stock exchange. This comes after Boerse Frankfurt Zertifikate AG, gave Valour the go-ahead to list an ETP tracking the price of Solana. These ETPs are said to be the latest in a series of ETP launches outside the US. It’s focused on altcoins.
Tommy Fransson, CEO at Valour, said the platform decided to list the two new products in Frankfurt because of the growing demand for Cardano and Polkadot ETPs in the Swedish market. He pointed out that the investor utility of a particular asset is more important than its market cap when launching a single-asset product.
Fransson revealed that Valour wants to introduce these products to other countries, including Austria and Switzerland. He said Valour wants to bring more single-asset products but also baskets, themes and indices. The firm believes it’s only at the beginning of the amount of crypto offerings on regulated exchanges. Besides Cardano, Polkadot and Solana, Valour also offers Uniswap (UNI) fund, Bitcoin Zero and Ethereum Zero products.
Meanwhile, the world’s largest issuer of crypto ETPs – 21Shares recently launched products focused on Chainlink (LINK), Aave (AAVE), FTX Token (FTT), UNI and Decentraland (MANA). Hany Rashwan, 21Shares CEO, said they want to have ETPs supporting the top 50 cryptocurrencies by the end of this year.
CoinShares also launched Polkadot and Tezas ETPs, designed to share staking rewards with investors, in Germany in January 2022.