DeFi
Valour Launches First ETP for Near Protocol’s Native Token — TradingView News
Crypto fund issuer Valour has launched an exchange-traded product (ETP) for Near Protocol’s native token, NEAR, according to a July 17 announcement from Valour’s parent company, DeFi Technologies (CBOE CA: DEFI).
The ETP will be traded on the Swedish Spotlight Exchange, allowing retail and institutional investors to gain exposure to the decentralized application development platform, the announcement said.
Elaine Buehler, Valour’s chief product officer, said the new fund offering will give investors access to an asset known for its “transformative impact on DeFi and NFTs,” referring to decentralized finance and non-fungible tokens.
Near Protocol is a technology stack designed to eliminate many of the challenges inherent in blockchain development, such as user onboarding and operating across multiple chains. Its native NEAR NEAR USD The token currently has a market capitalization of around $6.8 billion, placing it among the top 20 digital assets in the world, according to data from CoinMarketCap.
Web3 projects including Burrow, a decentralized money market protocol, and Mintbase, an NFT platform, are built on Near Protocol’s technology stack.
The NEAR ETP will join Valor’s existing roster of alternative digital asset ETPs. Valor operates one of the largest Solana ETPs, Valor Solana, and offers a range of staking products, including Bitcoin ETPs 
On July 16, U.S. regulators reportedly granted preliminary approval to investment managers BlackRock, Franklin Templeton, and VanEck to list the first ETH exchange-traded products in the United States. The impending launch of ETH ETFs has opened the floodgates in the U.S. for more crypto exchange-traded products, including a potential Solana-based exchange-traded fund (ETF), analysts say.
Valour’s parent company, DeFi Technologies, manages approximately $600 million in assets across various crypto-native strategies. On July 16, the company agreed to buy trading desk Stillman Digital in an all-stock deal that analysts say will transform the Canadian crypto platform into “a smaller version of Galaxy Digital.”
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