DeFi Technologies subsidiary Valour is on the Swedish Nordic Growth Market. terra and Avalanche Announced the implementation of ETPs.
ETPs named Valour Terra and Valour Avalanche will allow investors to trade with these altcoins without investing directly in cryptocurrencies.
Terra (LUNA) and Avalanche (AVAX) operate as their own tokens of blockchains of the same name.
Both Terra and Avalanche are currently among the top 10 cryptocurrencies in the world. While the total market value of LUNA is approximately $32 billion at the time of this writing, the same value is at the level of $20 billion for AVAX.
Previously, Valour, Cardano and Polkadot had launched their ETP products on the Frankfurt Stock Exchange. The company is also listed on European stock exchanges. Bitcoin (BTC), Ethereum (ETH), Uniswap (UNI) and Left (LEFT) ETP products are also available.
VanEck Also Recently Launched Avalanche ETN
Cryptocurrency-based ETP products continue to spread in recent months. In December 2021, VanEck, a New York-based investment management firm, announced the launch of a crypto ETN product based on Avalanche and Polygon.
ETN products are available to investors without purchasing Avalanche (AVAX) and Polygon (MATIC) directly. to altcoins enables them to invest.
LUNA, the own token of the Terra protocol, is trading at $84.85 at the time of writing, while AVAX is around $80.09, according to Coin Market Cap data.
Last week, Luna Foundation Guard (LFG), a Singapore-based nonprofit, announced that it would create a $1 billion Bitcoin reserve for the UST stablecoin.