Key Points:
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.
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Harold
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