Digital asset ETP issuer Valour Inc has entered the German market for the first time as it announces the listing of its Bitcoin Zero and Ethereum Zero products on the Borse Frankfurt Zertifikate AG.
Digital asset ETP issuer Valour Inc has entered the German market for the first time as it announces the listing of its Bitcoin Zero and Ethereum Zero products on the Borse Frankfurt Zertifikate AG.
The firm writes that its Cardano, Polkadot and Solana ETPs are due to follow shortly. Valour chose the Frankfurt Stock Exchange because of Germany’s crypto-friendly regulatory environment and the depth of the German investment market.
Diana Biggs, CEO of Valour, says: “Listing in Germany is a significant achievement for us. From a retail investor point of view, it was always our next target market and we’re thrilled that, after months of painstaking work and preparation, we have achieved our goal. For institutional investors, we’re seeing some potentially seismic changes occur – such as the Fund Location Act for Spezialfonds – which are providing a clear mandate for institutions to invest in crypto and can really open up the industry for mass adoption. With its proactive encouragement, Germany is fast becoming a leading market for digital asset investing.”
The listing in Germany marks the next step in Valour’s growth plans and intention to push into new markets. Since it first launched its Bitcoin ETP in December 2020 on the Nordic Growth Market Stock Exchange (NGM), it has introduced ETPs on Ethereum, Cardano, Polkadot, and Solana, and announced the appointment of a new COO, Frances Edwards, who arrived from Blackrock. Additional new products and exchange listings are also due to be announced in Q4 2021.
As of 14 October, 2021, Valour has surpassed USD250 million in assets under management trading on the NGM. The firm writes that this achievement marks an exceptional first 10 months of 2021, which has seen AUM grow more than 2560 per cent since the start of 2021.
Valour’s Bitcoin Zero and Ethereum Zero products precisely track the price of BTC and ETH without charging management fees, making investment in the world’s best-known digital assets easier, more secure, and more cost-effective than all other options. Valour’s Cardano, Polkadot, and Solana products are the lowest fee of their kind globally, the firm says.
By gaining exposure to digital assets via Valour, investors benefit from the standardisation, risk reduction and operational efficiency of a centrally cleared product listed on a regulated stock exchange, Valour says. For each ETP of Valour that is bought and sold on the NGM, Frankfurt Stock Exchange or other exchanges, Valour purchases or sells the equivalent amount of the underlying digital assets, meaning the ETPs are fully backed at all times.
