After the launch of ETP products in April 2021, crypto tokens Cardano (ADA), Polkadot(DOT), and Solana [SOL] could continue to rally in April. Valour, a Swiss asset management company, has announced the launch Cardano, Polkadot and Solana-linked exchange-traded products in Europe. These ETPs will trade on the Euronext Exchanges in Paris, France, and Amsterdam, Netherlands, starting April 6.
Valour launches ETPs to Track ADA, DOT and SOL Prices
Valour Inc., which is owned by DeFi Technologies has added three new investment vehicles to its portfolio of crypto-exchange traded product, including Valour Cardano and Valor Polkadot. Bloomberg reported this on April 4.
These new products, which track the price of Solana, Polkadot and Cardano cryptocurrencies, will be traded on the Euronext Paris and Amsterdam exchanges. The expense fee for ETPs is also 1.9%.
Russell Starr, Chief Executive Officer at DeFi, spoke out about the entry of large institutions in the crypto ETPs marketplace.
We expect more large institutions to join and even more competition in pricing. Expertise in product innovation is what will distinguish the winners from losers. This will be complemented by a focus on adding value for investors.
Alour also offers other exchange-traded products like Terra LUNA ETP, Avalanche ETP and Uniswap ETP.
WisdomTree, an asset management company, also launched its Solana, Polkadot and Cardano exchange-traded products (ETPs), on Euronext’s Paris and Amsterdam exchanges, as well on BorseXetra and SIX Swiss Exchange.
The latest introduction of crypto-focused investments vehicles, including exchanged-traded goods in Europe, will increase the price of Solana, Polkadot and Cardano as cryptocurrencies grow in demand. Frank Spiteri, CoinShares Chief Revenue Officer, believes that the amount of investment in Europe-exchange-traded crypto products will more than double by 2025.
Cardano, Polkadot, Solana Prices Spikes Amid Demand
Investors in Europe have another option: Crypto-focused ETPs via regulated exchanges give them exposure to the top cryptocurrencies like Solana, Cardano and Polkadot. Financial services firms will also be introducing more crypto-focused investment vehicles due to increasing investor interest in cryptocurrency.
According to CoinGape Markets Solana prices could reach $150 in April as a result of the bullish divergence pattern seen on the daily price charts.
Prices for Cardano (ADA), Polkadot(DOT) and Solana are already higher in April. The current prices trade at $1.22 and $22.87 respectively as of the writing.
Want to know more about Cardano Cryptocurrency Initial release date, Developer, Stable release, Active hosts, License, Programming language and more then visit Wikipedia Cardano official page.
Want to know more about Solana Blockchain platform Market cap, Developer(s), Symbol, Circulating supply, Code, Written in, Exchange rate and more then visit Wikipedia Solana official page.
Want to know more about Polkadot Cryptocurrency Developer(s), Written in, Code, Initial release and more then visit Wikipedia Polkadot official page.
Source: Google News Trend