Valor Launches NEAR ETP on Sweden’s Spotlight Stock Market
Cryptocurrency fund issuer Valor has announced the launch of an exchange-traded product (ETP) for Near Protocol’s native token NEAR.
This groundbreaking ETP will be listed on Sweden’s Spotlight stock market, providing retail and institutional investors with access to a decentralized application development platform.
Valor’s Diverse ETP Product Portfolio
Valor already operates one of the largest Solana ETPs and offers a suite of staking products, including ETPs for Bitcoin, Ethereum, and Internet Computer.
Elaine Buehler, head of product at Valour, highlighted the importance of the new NEAR ETP, emphasizing its potential to provide investors with access to transformative technology for decentralized finance (DeFi) and non-fungible tokens (NFTs).
The Innovation Behind Near Protocol
Near Protocol aims to address common blockchain development challenges such as user onboarding and multi-chain operations, with a market capitalization of approximately $6.8 billion, ranking it among the top 20 digital assets globally.
The launch of the NEAR ETP coincides with recent U.S. regulatory approvals for exchange-traded ETH products, paving the way for more cryptocurrency ETPs in the United States, including a potential Solana-based ETF.
Valour’s Expansion in the Crypto Space
Valour’s parent company, DeFi Technologies, manages around $600 million in assets across various crypto-native strategies. The recent acquisition of trading platform Stillman Digital is expected to strengthen DeFi Technologies’ position in the market.
Valour’s new NEAR ETP represents a significant milestone for investors seeking innovative blockchain technology, solidifying the company’s leadership in digital asset investment products.
