“Valour Launches NEAR ETP on Sweden’s Stock Market as U.S. Grants Approval for First Exchange-Traded ETH Products”

Valour, a crypto fund issuer, has launched an exchange-traded product (ETP) for Near Protocol’s native token, NEAR. The ETP will be available on Sweden’s Spotlight Stock Market, providing retail and institutional investors with exposure to the decentralized application development platform. Near Protocol is known for its transformative impact on decentralized finance and non-fungible tokens, with its native token currently having a market capitalization of approximately $6.8 billion.

This new NEAR ETP offering joins Valour’s existing roster of alternative digital asset ETPs, which includes Valor Solana for Solana and staking products for Bitcoin, Ethereum, and Internet Computer. Valour’s parent company, DeFi Technologies, manages around $600 million in assets across various crypto-native strategies. Moreover, the recent acquisition of trading desk Stillman Digital is expected to further strengthen DeFi Technologies and position it as a key player in the Canadian crypto market.

In related news, United States regulators have granted preliminary approval to investment managers to list the first exchange-traded ETH products in the country. This development is seen as opening the floodgates for more crypto exchange-traded products in the U.S., potentially including a Solana-based ETF. The rising interest in crypto exchange-traded products reflects the growing acceptance and adoption of digital assets in traditional financial markets.