Bittime - Valour launches Hedera ETP on Euronext Amsterdam, providing new investment access for HBAR and strengthening its position in the crypto market.
Valour and ETP HBAR
Valour, the asset management company of DeFi Technologies, has launched its Hedera staking exchange-traded product (ETP) on Euronext Amsterdam.
On December 18, Valour announced that the Valour Hedera Physical Staking ETP has been listed on Euronext Amsterdam, expanding Hedera’s ETP offering to European investors.
Also read What is Hedera ETP (HBAR)?
Valour ETP Hedera on Euronext Amsterdam
Valour partners with The Hashgraph Group, a venture capital and technology platform from the Hedera ecosystem, to provide access to this product based on the HBAR token.
HBAR ETP Launch
The HBAR ETP was launched with $5 million in seed funding from The Hashgraph Group.
According to Valour, the launch is part of the company's mission to bridge traditional finance with decentralized technology.
This initiative comes amid significant demand for ETPs in the crypto market.
HBAR ETP Market Data
Latest data shows that global flows into ETPs have exceeded $44.5 billion to date.
Spot exchange-traded products, such as BlackRock's iShares Bitcoin Trust, also saw substantial inflows.
Previous Valour ETP Products
Valour previously launched a physically-backed Ethereum staking ETP on the London Stock Exchange in September and also introduced the NEAR Protocol ETP in July.
This physically backed HBAR product is the first listing on the pan-European exchange Euronext under the base prospectus of Valour Digital Securities Limited.
Also read: FOMC Meeting Results for December 2024 for 2025, Here's What's Inside!
Valour CEO Statement
Olivier Roussy Newton, CEO of DeFi Technologies, emphasized the importance of the launch of the HBAR ETP: “This listing expands the opportunities for institutional and retail investors to participate in the robust and sustainable Hedera network, while aligning with the growing demand for transparent and regulated digital asset investments,” he added.
About the Hedera Project Itself
Hedera, which is a proof-of-stake project , currently ranks 21st in cryptocurrency market cap, with a value of over $11.4 billion.
The HBAR token has seen its price surge in recent months as the broader market grows.
HBAR Network Growth
Network growth, driven by various HBAR product launches, has increased the total value locked in the platform.
Additionally, Hedera’s governing board has now grown to 33 members, including major entities such as Deutsche Telekom, Google, Abrdn, IBM, and Standard Bank.
Conclusion
The launch of this ETP is expected to bring significant funds into the Hedera ecosystem, paving the way for potentially optimistic price increases in the future.
FAQ
1. What is the Hedera ETP launched by Valour?
Hedera ETP is an exchange-traded product (ETP) that allows investors to gain direct exposure to HBAR tokens, the cryptocurrency of the Hedera network. The product is designed to provide easier and more regulated investment access for institutional and retail investors.
2. Where is this Hedera ETP listed?
Hedera ETP is listed on Euronext Amsterdam, one of Europe’s leading stock exchanges. This launch expands Hedera’s ETP offering to investors across Europe.
3. What is the purpose of Valour's launch of the Hedera ETP?
The aim of launching the Hedera ETP is to bridge traditional finance with decentralized technology, as well as meet the growing demand for transparent and regulated investment products in the cryptocurrency market.
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Reference
Benson Toti, Valour introduces Hedera ETP on Euronext Amsterdam, Diakses 19 Desember 2024
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