Results for: ETPs

DeFi Technologies Inc., a leading financial technology company focused on decentralized finance (DeFi), has announced that its subsidiary, Valour, has achieved a significant milestone with assets under management (AUM) reaching C$757 million (US$593 million) as of October 31, 2024. This represents a 62% increase year-to-date, fueled by consistent monthly inflows and a strong financial position. Valour’s key products, including Valour SUI SEK, Valour BTC 0, and Valour TAO SEK, have driven this growth, highlighting the increasing investor confidence in Valour’s innovative digital asset ETPs.

Grayscale Investments has announced that its new Bitcoin and Ethereum exchange-traded products (ETPs) have seen significant investor interest, with inflows exceeding $750 million since their launch in July. This success is attributed to the low fees associated with these products, designed to make crypto accessible to a wider range of investors.

Valour Inc., a leading issuer of exchange-traded products (ETPs) for digital assets, has successfully eliminated its outstanding debt, marking a significant milestone in its financial journey. This achievement, achieved through a final payment of C$5.5 million (US$4 million) on October 16, 2024, positions Valour for strategic growth and expansion within the digital asset sector. The company is now free to focus resources on innovation and exploring new product opportunities within the rapidly evolving digital asset landscape.

DeFi Technologies Inc., a leading financial technology company, has announced impressive Q3 2024 results for its subsidiary, Valour Inc. Valour’s assets under management (AUM) reached C$757 million (US$561 million) as of September 30, 2024, representing a 49% year-to-date increase. This growth was fueled by consistent monthly inflows, totaling C$8.2 million (US$6.1 million) in September alone. Valour’s innovative digital asset ETPs, including Valour Solana SEK, Valour Near SEK, and Valour ETH Zero SEK, were key drivers of this positive performance, indicating strong investor confidence in the company’s offerings.

A recent report reveals a decline in investor appetite for digital asset investment products. Outflows totaled $206 million for the second consecutive week, coinciding with decreased trading volumes for Exchange Traded Products (ETPs). The negative sentiment is primarily focused on U.S. ETFs, with established funds bearing the brunt of outflows. In contrast, Canada and Switzerland saw inflows. Bitcoin also experienced significant outflows, while short-selling activity remained low. Ethereum had its sixth consecutive week of outflows, but multi-asset products saw inflows. Blockchain equities continue to face outflows due to concerns surrounding the upcoming Bitcoin halving.