Here’s Why Cardano, Polkadot and Solana May Rise in April
Cardano, Polkadot and Solana may well start to perform well in April. This is due to the launch of ETP products on April 6. The Swiss asset management company Valour has announced the launch of ADA, DOT and SOL...
Cardano, Polkadot and Solana may well start to perform well in April. This is due to the launch of ETP products on April 6. The Swiss asset management company Valour has announced the launch of ADA, DOT and SOL Exchange Traded Products in Europe. The three ETPs will be traded on the Euronext exchanges in Paris and Amsterdam on April 6.
Valour Launches Three Exchange Traded Products
Valour Inc. has expanded its list of ETPs with three new products. These are: Valour Cardano, Valour Polkadot and Valour Solana, reported Bloomberg on April 4. The three new exchange-traded products will track the price of Cardano, Polkadot and Solana. They will be available for trading on the Euronext exchanges in Paris and Amsterdam.
Russell Starr, of Valour Inc, said the following about the entry of major institutions into the crypto ETPs market:
“More large companies will join and we expect even more competition on pricing. What will differentiate the winners and losers is expertise in product innovation and a hyper focus on providing value to investors.”
Recently, asset manager WisdomTree also launched all of its Cardano, Polkadot and Solana-related exchange-traded products (ETPs) on the Euronext exchanges in Paris and Amsterdam, as well as on Börse Xetra and SIX Swiss Exchange.
The chances are quite high that the new ETPs will drive the prices of the cryptocurrencies up. This is because in this way more and more institutional money will flow towards the altcoins.
Cardano, Polkadot and Solana Prices Rise
The chances are quite high that the new ETPs will drive the prices of the cryptocurrencies up. This is because in this way more and more institutional money will flow towards the altcoins. In addition, the increasing interest of investors in cryptocurrencies will lead to many more financial services companies introducing more crypto-focused investment tools.
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