- Valour Inc., a subsidiary of DeFi Technologies Inc., has announced the launch of exchange-traded products (ETPs) for Ripple (XRP) and Binance (BNB), starting trading on February 21, 2024.
- The launch aims to provide investors with a secure and straightforward avenue to invest in XRP and BNB, leveraging their potential in the digital asset market.
In a strategic move to expand its digital asset offerings, Valour Inc., a leading issuer of Exchange Traded Products (ETP) and a subsidiary of the crypto-native technology company DeFi Technologies Inc., has unveiled new ETPs for Ripple (XRP) and Binance (BNB). This initiative, set to commence trading on February 21, 2024, is designed to simplify and secure investor access to these prominent cryptocurrencies.
🚨BÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄM! 🚨
— Collin Brown (@CollinBrownXRP) February 23, 2024
The billion-dollar tech giant #Valour commenced trading of its #Ripple (#XRP) ETP for European investors on February 21, 2024, with strong backing from wealthy companies and investors! 🚀🚀🚀
Could this push #XRP price to new heights? Get ready, folks!… pic.twitter.com/oiKQRbFzsH
Olivier Roussy Newton, CEO of DeFi Technologies, elucidated that this development is not just an expansion of Valour’s product line but a significant step towards democratizing finance. By introducing the XRP and BNB ETPs, Valour aims to offer diversified investment opportunities in leading cryptocurrencies, thus making digital asset investment more accessible and seamless for investors across Europe.
Valour is celebrated for its innovative digital asset platforms, including the 1Valour Ethereum Physical Staking ETP and the 1Valour Bitcoin Physical Carbon Neutral ETP. Its portfolio extends beyond these to encompass a variety of fully hedged digital asset ETPs, offering low to zero fees on products like Valour Uniswap (UNI), Polkadot (DOT), Cardano (ADA), and several others.
Johanna Belitz, Valour Head of Nordics, expressed excitement over introducing Valour BNB and Valour XRP to the Nordic investment community. This move positions Valour as the most comprehensive provider of crypto ETPs in the region, catering to investors’ preferences for both individual assets and collective investments through the VDAB10 product.
Following this announcement, Valour reported an 18.7% increase in its Assets Under Management (AUM), rising to C$590 million from C$497 million. This growth signifies a rising investor confidence in Valour’s offerings.
XRP Price Update
Despite the optimistic launch, XRP has seen a slight decline, trading at $0.540634 with a bearish market sentiment score of 31/100. Conversely, BNB has exhibited marginal growth, with a 0.68% increase in the last 24 hours, trading at $380.15 and demonstrating a more neutral market sentiment with significant price growth over the past three months.