Valour has partnered with crypto index provider Vinter to launch its first multi-asset crypto exchange-traded product (ETP).
The Valour Digital Asset Basket 10 Index (VDAB10) is listed on the Deutsche Boerse with a total expense ratio (TER) of 1.90%.
VDAB10 tracks Vinter’s The Top 10 by Market Cap index, which captures the ten largest crypto assets, rebalances quarterly and imposes a maximum weighting cap of 30%.
Marco Infuso, chief sales officer at Valour, said: “Vinter was the obvious index provider to partner with for the launch of our first ever multi-digital asset ETP, they have plenty of expertise in this industry and have a great track record of delivering accurate data in a speedy manner.”
Jacob Lindberg, CEO of Vinter, added: "This new ETP presents the opportunity for investors to diversify their portfolios and further bridges the gap between traditional investment strategies and the crypto industry.”
VDAB10 becomes the latest crypto basket ETP since Pando Asset partnered with Vinter to launch the Pando Asset Crypto 6 ETP in July.
Valour launched the Valour Terra (LUNA) ETP in February and suspended the product three months later.