Valour Unveils New ETP for Near Protocol (NEAR) Targeting Cryptocurrency Market Interest

Valour, a subsidiary of DeFi Technologies, has launched the world's first exchange-traded product (ETP) for Near Protocol.

DeFi Technologies subsidiary, Valour, has announced the launch of the world’s first exchange-traded product (ETP) for Near Protocol.

This launch comes amid increasing interest in cryptocurrency assets, especially following the launch of spot Bitcoin ETFs in the US in January. The new ETP is expected to shine a spotlight on Near Protocol (NEAR), which currently ranks among the top 20 cryptocurrencies with a market cap of $6.6 billion.

According to the announcement on Wednesday, the digital assets investment products provider stated that the new ETP, dubbed Valour Near (NEAR), will be available to both retail and institutional investors.

This ETP will enable holders to gain exposure to the Near Protocol ecosystem, allowing them to participate in the Web3 platform’s digital finance future.

“By launching the world’s first Valour NEAR ETP, we’re giving investors an incredible opportunity to tap into the revolutionary NEAR Protocol, renowned for its transformative role in DeFi and NFTs,” said Elaine Buehler, Valour’s head of product.

The Valour Near (NEAR) ETP is listed on the Spotlight Stock Market in Sweden and will be available through platforms such as Stockholm-based online bank Avanza and net broker Nordnet.

With this launch, Valour is expanding its crypto ETP lineup, which already includes Valour Solana, Valour Cardano, and Valour Polkadot. Additionally, the company offers products for Enjin, Uniswap, XRP, and Avalanche.

Investors can also access a variety of staking products, such as Ethereum (ETH), Bitcoin (BTC), and Internet Computer (ICP).

So far this year, Valour has launched eleven ETPs for digital assets and aims to continue unveiling more crypto-related investment products for both retail and institutional investors. The ETP issuer’s product suite is currently listed on major European exchanges, banks, and broker platforms.

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