In December 2023, prepare for a financial shift in European markets as DeFi Technologies’ subsidiary, Valour, is set to unveil its in tive solution, the Valor XRP ETP, in the European market next month. This bold move signifies not only a significant diversification in product offerings, but also strategically addresses the growing desire for cryptocurrency asset investments within Europe, the backbone of the cryptocurrency market, directly through a bank or broker.
The impending XRP ETP will provide investors with a direct and secure means to access XRP, renowned for its facilitation of fast and cost-effective international financial transfers within a system that has become prevalent in the global digital asset landscape. With a current value of $32.7 billion, XRP proudly holds the fifth position among all digital assets worldwide. Its environmentally friendly nature makes it a preferred option for financial institutions seeking efficient alternatives to traditional cross-border payment methods.
The imminent introduction of Valour’s XRP ETP adds an exciting dimension to the ever-expanding market of exchange-traded products linked to XRP. Current solutions from industry players like CoinShares, 21Shares, and ETC Group have significantly contributed to the increasing popularity of investment products focused on XRP.
In the current year of 2023, exchange-traded XRP products attracted notable inflows amounting to $13 million, leading to an impressive accumulation of managed assets valued at $68 million – the second-highest proportion among alternative currency-focused ETP products, following Solana (SOL).
Disclaimer: The information provided is not financial advice. Chinwa.tech does not take any responsibility for investments made based on the information provided in this article. We recommend consulting a qualified specialist or financial advisor before making any investment decisions.