Valour Inc., a significant subsidiary of DeFi Technologies, has unveiled plans to introduce up to 20 new cryptocurrency Exchange Traded Products (ETPs) in 2024.
This bold expansion initiative is a response to the increasing global demand for crypto and blockchain ETPs, coming from both retail and institutional investors. The decision to venture into the ETP segment is influenced by Valour’s recent surge in market share on Swedish exchanges, reaching an impressive 42.71% as of November 2023, up from 28% at the end of October.
Valour has also witnessed a substantial growth in Assets Under Management (AUM), reaching CAD $356.5 million by the end of November. This acceleration represents an 11.41% increase from early November, building on a 23% growth since October 30th. The rising AUM highlights the strong regional demand for Valour’s diverse range of exchange-traded digital asset products and underscores the company’s successful strategy in developing offerings that align with investor interests.
The broader crypto ETP market has experienced a remarkable 91% growth this year, underscoring the market demand for such products and their successful deployment in critical regions like the U.S. With this ambitious expansion strategy, Valour aims to play a key role in this growing market and drive crypto adoption among traditional financial institutions.
