Swiss asset manager Valour Inc., a subsidiary of DeFi Technologies Inc., announced on April 6 that it has started trading Valour Cardano, Valour Polkadot and Valour Solana products on Euronext exchanges in Paris and Amsterdam.
In the statement, it was stated that with ETPs, individual and institutional investors will have the opportunity to easily and securely indirectly invest in ADA, DOT and SOL crypto assets through banks or brokerage houses. In other words, investors will be able to safely and easily invest in the native token of the Cardano, Solana and Polkadot networks without having a crypto wallet.
In addition, the Swiss asset manager has increased the range of products traded on the exchange with Cardano, Solana and Polkadot, while Valour company has previously invested in Valour Uniswap (UNI), Valour Avalanche (AVAX), Valour Terra (LUNA), Valour Bitcoin Zero and Valour Ethereum Zero. has products.
Polkadot and Cardano ETPs have reportedly received approval to trade on Boerse Frankfurt Zertifikate AG (Frankfurt Stock Exchange) through Valour.
On the other hand, the most popular type of ETP is known as exchange-traded funds (ETFs), and Bitcoin ETFs, which came to the fore in the crypto money industry in the last months of 2021, had a great impact. With the approval of the first ETF based on Bitcoin futures in the US, the Purpose Bitcoin ETF product recorded record demands as the Bitcoin price moved towards historical highs. Recently, the demand for investment products traded on the stock market for altcoins continues to increase.
In the meantime, it is seen that losses increase in altcoins with high market value, especially in afternoon transactions. Cardano (ADA) fell 7.5 percent in the last 24 hours and fell below $1.12, Solana (SOL) was trading at $122 with a decrease of 9 percent and Polkadot (DOT) at $ 21 with a decrease of 8 percent.