News

Valour Cayman Sees Increase In AUM By 44% From Beginning Of 2023

Key Points:

  • Valour Cayman’s Assets Under Management have grown by 44% to $112 million since the year’s commencement.
  • The weekly turnover and net weekly inflows of Valour Cayman have increased along with the return of Bitcoin and the cryptocurrency industry.
  • On January 13, 2023, the Solana ETP from Valour Cayman achieved record net sales of 1 million units. Every day for the past week, net inflows have increased for Valour Cayman as well.
According to Valour, its subsidiary Valour Cayman’s Assets Under Management (AUM) has grown by 44% to $112 million since the year’s commencement.

The weekly turnover and net weekly inflows of Valour Cayman have increased along with the return of Bitcoin and the cryptocurrency industry.

On January 13, 2023, the Solana (SOL) exchange-traded product (ETP) of Valour Cayman achieved net sales of 1 million units, a record. Every day for the past week, net inflows have increased for Valour Cayman as well.

Solana is also a coin that has seen a sudden resurgence after being hit hard by the collapse of the crypto exchange FTX.

Compared to Q4 2022, the average weekly turnover climbed by 300% in the new year. Valour expects AUM to increase exponentially, assuming ongoing price growth and market interest.

Olivier Roussy Newton, Chief Executive Officer of Valour, said in a statement:

“We are thrilled to see such strong growth in our AUM and ETP sales. This is a clear indication that our products are resonating with investors and we are clearly on track to beat our average Q4 monthly income if prices stay at current levels. With the approval of our SPV we also anticipate launching numerous new and innovative products shortly”.

Valour is a technology company and the first and only publicly traded company that bridges the gap between traditional capital markets, Web3 and decentralized finance.

With product listings across European exchanges, banks, and broker platforms, the company’s subsidiary Valour Cayman provides fully hedged digital asset ETPs with low to nil management costs.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

BlockDAG Surges Past $170M as BDAG250 Bonus End Countdown Begins – Aave Targets $400 & Solana Shines with Scalability

BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…

21 minutes ago

Qubetics Presale Price Surge Approaches: The Best Coins to Invest in Right Now While Toncoin, and XRP Gain Traction

Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…

51 minutes ago

Book of Meme Old News? This Best Meme Coin to Invest in 2024 Is Multiplying Gains Like a Champ

Over the years, meme coins have evolved from inside jokes into serious investment opportunities.

2 hours ago

Time’s Ticking on BlockDAG’s 5-Tier Bonus- Few Days Left to Grab It While Cardano Whales Take Action, Aave Rallies Strong

Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…

2 hours ago

Best Altcoins to Buy for 2025: Qubetics Presale Surge, Solana’s Lightning Speed, and Cardano’s Blockchain Revolution

Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…

3 hours ago

Why Qubetics, NEAR Protocol, and IMX Are Dominating Crypto: The Best Altcoins to Join Today for Game-Changing Returns 

Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…

5 hours ago

This website uses cookies.