ETPs are added to the products for Bitcoin, Ethereum and Uniswap on the Frankfurt Stock Exchange. They were launched on 14 February.
Cardano’s and Polkadot’s exchange-traded products made their debut on the Frankfurt Stock Exchange Monday, after DeFi Technologies had approved listing the derivative products.
According to a press releaseOn Monday 14 February, the ADA products and DOT-based items will be shared via Valour, a Valour subsidiary of DeFi Technologies that pioneers digital asset ETPs.
The new ETPs will track ADA’s and DOT’s prices, which are currently the seventh- and tenth largest cryptocurrencies according to market caps at $33.7 million and $20.4 respectively.
According to the announcement, users can access the products via Valour Polkadot EUR (DOT) EUR or Valour Cardano EUR (ADA) EUR.
“The new ETPs will enable both retail and institutional investors to gain exposure to the native tokens of the Polkadot and Cardano networks as easily as buying shares from their bank or broker,” DeFi Technologies said in the statement.
Valour’s other products
These two products are now available in the portfolio of Valour Uniswap and Solana (SOL). Other products in the portfolio are Bitcoin Zero and Valour Ethereum Zero, the platform’s first fully-fledged, zero-fee passive investment tracking the top two cryptocurrencies by market cap.
Tommy Fransson CEO Valour, stated that the German launch comes after the success of the Scandinavian market. There’s increased interest for such products, he noted, adding that informed the expansion.
Valour Inc. is an exchange-listed financial platform that is located in Zug, Switzerland. It focuses on issuing financial products designed for institutional and retail investors. According to the company’s chief executive, the company was founded in 2019 with the goal of offering these products to European investors.