As a seasoned crypto investor with a knack for spotting promising opportunities, I find myself quite intrigued by Valour’s latest move to list its Hedera staking exchange-traded product on Euronext Amsterdam. Having navigated through the turbulent waters of the crypto market since its inception, I can attest to the growing demand for ETPs as a more accessible and regulated means of investment.
Valour, a part of DeFi Technologies specializing in asset management, unveiled its Hedera staking exchange-traded product for trading on the Amsterdam stock exchange through Euronext.
On December 18th, it was announced that the 1Valour Hedera Physical Staking Exchange-Traded Product (ETP) has been listed on Euronext Amsterdam, thereby increasing its selection of Hedera (HBAR) ETPs for European investors. Valour is working together with The Hashgraph Group, a venture capital and technology platform within the Hedera ecosystem, to make this product available to users. This product is based on the HBAR token.
The Hedera HBAR ETP launched with $5 million in seed funding from The Hashgraph Group.
As stated by Valour, this launch aligns with the company’s wider objective of linking conventional finance systems with advanced decentralized technologies. This move is being made in response to the growing interest in Exchange-Traded Products (ETPs) within the cryptocurrency market.
Recent figures show that investments into Exchange-Traded Products (ETPs) have surpassed $44.5 billion so far this year. Notably, popular ETFs like BlackRock’s iShares Bitcoin Trust have seen significant investment as well.
In September, Valour made its entrance into Ethereum staking ETPs listed on the London Stock Exchange. Additionally, they introduced a Near Protocol ETP back in July.
Under Valour Digital Securities Limited’s base prospectus, the HBAR product backed by physical assets becomes the inaugural listing on the multinational Euronext exchange.
Olivier Roussy Newton, CEO of DeFi Technologies, emphasized the importance of the upcoming launch of the Hedera HBAR Exchange-Traded Product (ETP).
He noted that this listing expands the possibility for both institutional and individual investors to be part of Hedera’s strong, eco-friendly network, mirroring the increasing interest in clear and regulated digital asset investments.
Currently standing as the 21st largest digital currency, Hedera – a project based on proof-of-stake – boasts a market capitalization exceeding $11.4 billion. Its native token, HBAR, has seen a price rise in recent times, mirroring the overall trend of the cryptocurrency market.
The expansion of our network, fueled by multiple releases of HBAR products, has resulted in a rise in the total value secured on our platform. Furthermore, the number of members in our Hedera governing council has grown to 33, with prominent entities like Deutsche Telekom, Google, Abrdn, IBM, and Standard Bank joining its ranks.
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2024-12-18 18:41