On Wednesdays, DeFi Technologies announced that its subsidiary Valor reached $274.2 million in assets under management. The company offers several cryptocurrency-denominated exchange-traded products, or ETPs, listed on European exchanges.
Cointelegraph earlier reported that Valor launched two such ETPs related to: †UNI) and (POINT) last year. For each Valor exchange traded product that is bought and sold on the exchange, Valor buys or sells the equivalent amount of the underlying digital asset. Some ETPs do not charge a management fee.
Read more on Coin Telegraph
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