By Alicia Maher
DeFi technologies have revealed that the two ETPs of its subsidiary (Valor) are now listed on Paris and Amsterdam’s Euronext exchange. Through these listings, the company expressed excitement (through the official announcement) at making a significant expansion into the European scene. More importantly, the listings will allow investors to access exclusive investments in digital assets through a reputed investment platform.
Expanding Across Europe
On the exchange mentioned above, Valor’s listed ETPs are its Ethereum and Bitcoin zero trading products. These new Valor listings continue the company’s efforts to expand into major European nations. Asides from this listing, Valor recently listed its ETPs mentioned above on the Frankfurt stock exchange (FSE).
Besides listing the Bitcoin and Ethereum zero ETPs, Valor also listed a Uniswap ETP on the NGM (Nordic Growth Market) and FSE. Last month, the firm’s mini-annual report showed that it now has more than $375m assets under management solely from its ETP listings on the NGM and FSE.
A high-ranking executive of Valor, who is also an executive with DeFi technologies, Diana Briggs, opined that “our goal is to enable investors to have exposure (albeit indirectly) to the virtual asset market. “We can’t achieve this goal properly without expanding our operations into the larger European market.” “This phase represents an important aspect of our growth in providing investor exposure to this innovative and exciting asset category,” she concluded.
Tapping Into New And Emerging Markets
Even though Valor’s AUM has grown by over 3,500% over the past 12 months, the firm still plans to launch new product offerings in the short term to enable it to tap into new and emerging markets.
Commenting on these developments, DeFi technologies boss Russell Starr remarked that “Our achievements over the past few months are proof that Valor wants to keep growing. Hence, it would keep expanding and developing to achieve its set goals and objectives.”
“Our goal at the beginning of the year was to develop new product offerings and tap into emerging financial markets. We have not only achieved these goals, but we also want to achieve more in the coming year and beyond.” Starr further said.
The General Crypto Market Sentiment Is Negative
This morning, a display of a decline in investor confidence in the general virtual asset market caused a steep decline. However, stablecoin transfer volume remains on the rise. The two leading digital assets (BTC and ETH) declined by 3% and 1.5% over the past 24 hours. Strangely, most DeFi assets (particularly Avalanche) surged within the same period. Avalanche gained almost 9.3% to now trade at $89.98 as of this writing.
One of Delphi Digital (a crypto analytics firm) ’s top analysts, Joo Kian, remarked that crypto holders are selling their holdings due to worries over inflation, the Fed’s stimulus policy, and other macroeconomic factors. He made his comments citing the example of the stats from the labor bureau last Friday, which revealed a 40-year spike in wholesale prices, and after the announcement, BTC price declined by over 6%.