Valour has expanded its cryptocurrency exchange-traded product (ETP) range with the launch of terra and avalanche strategies.
The Valour Terra (LUNA) ETP and the Valour Avalanche (AVAX) ETP are listed on the Nordic Growth Market.
The terra ETP tracks the performance of the native token of the terra protocol, LUNA. The protocol is a decentralised and open-source public blockchain protocol for algorithmic stablecoins.
Using a combination of open market arbitrage incentives and decentralised oracle voting, the terra protocol creates stablecoins that consistently track the price of any fiat currency.
It is among the top 10 cryptos in the world with a market cap of $22.3bn, as at 16 February.
The avalanche ETP tracks the performance of the native token of the avalanche platform, AVAX. Avalanche is an open, programmable smart contracts platform for decentralised applications aiming to rival ethereum due to its high speed.
Avalanche’s core innovation is that it is composed of three blockchains rather than the usual one, enabling the distribution of tasks while achieving decentralisation, security and scalability. It has a market cap of $22.2bn, as at 16 February.
Tommy Fransson, CEO of Valour, commented: “Valour’s launch of the terra and avalanche products is particularly exciting given we are the first issuer in the Nordics to offer them to retail and institutional investors.”
Last October, Valour launched the world’s first uniswap ETP, the Valour Uniswap ETP, which listed on the Boerse Frankfurt with a total expense ratio (TER) of 1.9%.