Valour, a Swiss digital asset investment firm, is launching exchanged-traded products (ETPs) offering exposure to cryptocurrencies from Cardano and Polkadot.
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The Valour Cardano SEK ETP launched on the Nordic Growth Market Tuesday under the code CH111478796.
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The Valour Polkadot SEK (CH1114178770) is to follow later this month, according to an announcement Tuesday.
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The products are fully backed by ADA (-4.63%) and DOT (+1.38%) purchased by Valour, a Zug-based subsidiary of Canadian decentralized finance (DeFi) asset manager DeFi Technologies.
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The launches follow similar products by fellow Swiss digital asset manager 21Shares, which launched its DOT product in February and ADA equivalent in April, both on the Swiss SIX exchange.
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ADA and DOT have both enjoyed huge increases in price in 2021, surging by over 1,000% and 400% respectively.
