Valour Launches World's First Fee-Free Ethereum Exchange Traded Product (ETP)
- New ETP, Ethereum Zero, will enable institutions and individuals to invest in Ethereum as easily as buying shares from their bank or broker with zero management fees
- Valour currently has over $50M USD in AUM from its existing product, Bitcoin Zero
- Trading in Ethereum Zero began on Nordic Growth Market stock exchange on March 30, 2021
Zug/Switzerland, March 31, 2021: — In a world first, Valour, the issuer of investment products focused on innovative technologies, has announced the launch of Ethereum Zero (ETH ZERO SEK - CH1104954362), an Ethereum (ETH) exchange-traded product (ETP) that comes with zero management fees.
Until now, people wanting to gain exposure to ether (ETH) through an ETP pay up to 2.5% management fees, which can reduce the value of the investment. However, with the launch of Ethereum Zero, Valour provides investors with an ETP tracking the performance of the world’s second largest digital asset without any management fee.
By gaining exposure to digital assets via Valour, investors benefit from the standardisation, risk reduction and operational efficiency of a centrally-cleared product listed on a regulated stock exchange. For each product that is bought and sold on the stock exchange, Valour purchases the equivalent amount of the underlying asset, ETH, meaning the products are fully backed at all times.
“We’ve seen incredible interest in our Bitcoin Zero products, building $50M USD in AUM in three months,” said CEO Diana Biggs. “Now, with a growing number of applications being built on Ethereum -- from DeFi to NFTs -- we are thrilled to provide the opportunity for investors to also participate in this dynamic ecosystem.”
‘‘At Valour we aim to provide investors with the most accessible digital asset products on the market,” said its Director Johan Wattenstroem. “With Ethereum Zero, we’re making investment in the world’s second-largest digital asset easier, more secure and more cost-effective than all other options.”
About Ethereum Zero
Ethereum Zero is the first fully-hedged, passive investment product with Ethereum’s native cryptocurrency Ether (ETH) as its underlying asset and charging zero management fees. The Ethereum Zero ETP, available in Swedish krona (ETH ZERO SEK, ISIN code CH1104954362), is traded on the Nordic Growth Market (NGM), a regulated stock exchange in Stockholm, Sweden. Available for purchase via banks or brokers in the same way as any other security, Ethereum Zero removes the mystery, complexity and costs of ETH investment and custody that have thus far impeded mainstream adoption of digital assets.
Valour Structured Products Inc. issues exchange-listed financial products that enable retail and institutional investors to access investment in disruptive innovations, such as digital assets, in a simple and secure way. Established in 2019 and based in Zug, Switzerland, Valour is backed by leading entrepreneurs and investors in the fintech space. For more information on Valour, visit www.valour.com.
About Nordic Growth Market
Nordic Growth Markets is one of the leading Nordic stock exchanges with more than 30 years of experience as a dedicated partner for growth companies. Through our marketplaces In Sweden, Denmark, Finland and Norway, we provide trading in more than 20,000 instruments such as equities, bonds, AIFs and derivatives. The exchange is a wholly-owned subsidiary of Börse Stuttgart, the leading retail exchange in Germany. For more information about Nordic Growth Market, visit www.ngm.se. Follow us on LinkedIn and Twitter.
The Ethereum Zero fact sheets, Key Information Documents (KIDs), Final Terms, and prospectus are available, subject to applicable securities laws, via the Issuer’s website: www.valour.com.
Investment in exchange-traded products is subject to risk. Emerging asset classes such as digital assets may be more sensitive and subject to volatility than traditional asset classes and investors should be fully aware of the potential risks. This material is distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. For more information, please refer to the relevant product documentation at www.valour.com.