Solana, Cardano, Polkadot Exchange Traded Products (ETPs) Launch on Europe’s Largest Stock Exchange

The Swiss asset manager, Valour Inc, a subsidiary of DeFi Technologies Inc., has launched the trading of Valour Cardano (ADA), Valour Polkadot (DOT), and Valour Solana (SOL) on the Euronext exchanges in Paris and Amsterdam.

The new development was shared via a press release on 6th April 2022. As stated in the announcement, the ETPs will give retail investors the ability to gain seamless exposure to the Cardano (ADA), Polkadot (DOT), and Solana (SOL) tokens securely via their designated bank or a broker, without having to go through the process of opening a crypto wallet.

Read Also: Cardano and Polkadot Exchange Traded Products (ETPs) Launch On German Stock Exchange

It’s worth noting that the recent ETPs will join the list of products already trading on multiple exchanges, including Valour Uniswap (UNI), Valour Avalanche (AVAX), and Valour Terra (LUNA), coupled with ETPs for the two largest cryptocurrencies, Valour Bitcoin Zero and Valour Ethereum Zero.

ETPs are seen as a means to expose investors to the industry of the future. Reacting to the new development, Russell Starr, the CEO of DeFi Technologies, said:

“As we continue to expand our product offerings onto new exchanges, even more people will have access to participating in an industry that is rewriting the future of the financial services industry. Investors are interested in the opportunity to get into crypto as it establishes itself, and Valour’s ETPs enable them to do that on regulated exchanges they know and trust.”

Read Also: 21Shares Launches World’s First Physically-Backed XRP Exchange-Traded Product (ETP) on SIX Swiss Exchange

What Are Exchange Traded Products (ETPs)

Exchange Traded Products are mainstream investment vehicles that have existed for relatively 30 years. It started gaining the vast attention of investors during the financial crisis of 2008, when demand for more transparency began to increase.

The most popular type of ETP is the exchange traded fund (ETF) and a good example of a crypto ETF is the Purpose Bitcoin ETF, which has recently attained a record high in the number of Bitcoin (BTC) it holds after a huge injection of capital.

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