First ETP for Close to Protocol’s NEAR token unveiled on Sweden’s Highlight Inventory Market

• Valour’s NEAR ETP might be obtainable on Sweden’s Highlight Inventory Market.
• Valour at the moment operates one of many largest Solana ETPs.
• The crypto fund issuer additionally operates Bitcoin, Ether, and Web Laptop ETPs.

Crypto fund issuer Valour right this moment introduced the launch of an exchange-traded product (ETP) for Close to Protocol’s native token, NEAR.

This groundbreaking ETP might be obtainable on Sweden’s Highlight Inventory Market, providing retail and institutional traders the chance to realize publicity to the decentralized software improvement platform.

NEAR ETP joins Valour’s various portfolio of ETPs

Valour already operates one of many largest Solana ETPs, Valour Solana, and presents a set of staking merchandise, together with ETPs for Bitcoin, Ether, and Web Laptop.

Valour’s head of product, Elaine Buehler, emphasised the importance of this new fund, highlighting its potential to grant traders entry to an asset famend for its transformative affect on decentralized finance (DeFi) and non-fungible tokens (NFTs).

Close to Protocol, designed to deal with widespread blockchain improvement challenges akin to consumer onboarding and multi-chain operations, boasts a market capitalization of roughly $6.8 billion. This positions NEAR among the many prime 20 digital belongings globally, in response to CoinMarketCap.

The launch of NEAR ETP comes amid a wave of regulatory approvals in america, the place funding managers BlackRock, Franklin Templeton, and VanEck not too long ago acquired preliminary approval to listing the primary exchange-traded ETH merchandise. Analysts predict this transfer will pave the best way for extra crypto exchange-traded merchandise within the US, together with potential Solana-based ETFs.

Valour’s father or mother firm, DeFi Applied sciences, at the moment manages round $600 million in belongings throughout varied crypto-native methods.

On July 16, DeFi Applied sciences expanded its footprint by buying buying and selling desk Stillman Digital in an all-stock deal. This acquisition is predicted to considerably improve the Canadian crypto platform’s capabilities, probably positioning it as a formidable competitor to bigger entities like Galaxy Digital.

Valour’s new NEAR ETP represents a big development for traders looking for publicity to revolutionary blockchain applied sciences, reinforcing the agency’s place on the forefront of digital asset funding merchandise.